On July 16, Lam Research fell 3.4% in regular trading, trading at $321.9/share, with turnover of $348 million.
On the news front, the semiconductor equipment sector extended its pullback, with peer stocks declining broadly: Teradyne down 5.23%, Aehr Test down 7.31%, KLA-Tencor down 2.31%, Applied Materials down 2.04%, and ASML down 0.8%, reflecting widespread sector pressure. Additionally, negative sentiment persists following CEO Timothy Archer's recent sale of 30,000 shares at $390.01/share, totaling approximately $11.7 million in proceeds.
Despite multiple Wall Street firms recently raising price targets — Stifel to $425, Morgan Stanley to $404, UBS to $435, and Mizuho to $400 — with consensus target around $376.82 well above current levels, the stock has failed to sustain gains amid sector-wide profit-taking following a prior 8-10% rally. The company's next earnings report is scheduled for July 29 after market close, with consensus EPS of $1.69.
(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.)
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