On October 30, Lam Research fell 6.04% in Regular Trading, trading at $240.575 per share, with turnover of $152 million.
The move follows continued post-earnings pressure after management flagged near-term supply-chain constraints and weaker China sales expectations, while the broader Semiconductor Equipment group also traded lower.
Lam Research previously reported fiscal first-quarter revenue of $8.22 billion and adjusted EPS of $2.20, both slightly above expectations. It guided fiscal second-quarter revenue to about $8.6 billion and adjusted EPS to about $2.33, broadly in line with consensus, but management said revenue would have been higher without near-term supply constraints. Subsequent analyst target-price cuts and persistent caution around China exposure have continued to weigh on valuation recovery. Sector weakness was also notable, with ASML Holding NV down 5.31%, Applied Materials down 5.14%, KLA Corporation down 3.66%, AXT Inc down 8.9%, and Teradyne down 6.23%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
Comments