On October 1, Lam Research rose 3.33% in regular trading, trading at $339.36 per share, with turnover of $185 million.

On the news front, B. Riley raised its price target on Lam Research from $350 to $390 while maintaining a Buy rating. According to FactSet, the consensus analyst average target price stands at approximately $382.58, significantly above the current stock price, reflecting broad Wall Street confidence in the company's outlook.

The semiconductor equipment sector entered a broad rebound phase after a sharp selloff triggered by the Fed's 25-basis-point rate hike to the 3.75%-4.00% range, which pushed the 10-year Treasury yield above 5%. Lam Research had previously declined over 3% in a single session amid the rate-driven pressure. Sector peers also recovered, with Applied Materials up 3.34%, KLA Corporation up 2.25%, Teradyne up 1.51%, and ASML Holding up 0.34%.

Lam Research recently announced plans to invest over $3 billion over the next five years to expand its global R&D lab network in support of advanced AI chip development, and raised its quarterly dividend to $0.33 per share. The company is scheduled to report earnings on October 21.

(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.)