Movement Alert|Lam Research Rises 3.2% in Pre-Market Trading, Semiconductor Equipment Sector Rebounds After Prior Profit-Taking Digestion

Market Focus08-04

On August 4, Lam Research rose 3.2% in pre-market trading, trading at approximately 303.28 USD/share, with turnover of $1.69 million. The rebound follows a 4.82% decline in the prior session, as the broader semiconductor equipment sector recovers and technical repair takes hold after profit-taking pressure subsided.

The semiconductor equipment sector saw broad gains, with AXT Inc up 6.68%, Applied Materials up 2.85%, KLA Corporation up 2.75%, Teradyne up 2.80%, and ASML Holding up 2.09%. Lam Research had previously surged over 23% on July 30 after reporting record quarterly results—fiscal Q4 adjusted EPS of $1.82 beat the $1.68 consensus by 8.33%, while revenue of $6.72 billion topped the $6.67 billion estimate. The company also issued Q1 guidance well above expectations, projecting revenue of $7.70-$8.50 billion versus the $7.11 billion analyst estimate.

Following the post-earnings surge, several investment banks adjusted price targets—Deutsche Bank lowered its target to $320 from $385, B. Riley to $350 from $385, and Berenberg raised to $350 from $335—all maintaining Buy ratings, reflecting a consensus average target of $373.75.

(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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