On September 29, Lam Research rose 3.1% in regular trading, trading at approximately $325.56 per share, with turnover of $156 million. The rebound came as the broader semiconductor equipment sector staged a recovery following the prior session's sharp selloff triggered by the Federal Reserve's interest rate decision.

On the news front, the Fed announced a 25-basis-point rate hike to the 3.75%-4.00% range on the previous trading day — the first increase in three years — sending the 10-year U.S. Treasury yield above 5%. The move pressured valuation-sensitive semiconductor stocks broadly, with Lam Research dropping over 3% in that session. The current session reflects a technical rebound across the sector, with peers Applied Materials up 4.45%, KLA Corporation up 3.45%, Teradyne up 3.18%, AXT Inc up 6.19%, and ASML up 2.4%.

On the fundamental side, Lam Research recently announced a more than $3 billion investment over the next five years to expand its global R&D lab network in support of advanced AI chip development. The company also raised its quarterly dividend to $0.33 per share from $0.26. Multiple investment banks maintain buy ratings on the stock, with a consensus target price of approximately $384, well above the current trading level. Notably, Berenberg recently raised its price target to $420 from $350.

(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.)