Lam Research reported that sales to customers outside North America grew by 28% year-over-year in the fiscal third quarter, with international shipments accounting for 64% of total revenue. Strong demand in Taiwan and South Korea drove equipment orders for advanced-node memory and logic wafer fabrication tools, contributing $3.4 billion of the $5.34 billion in quarterly revenue. Management highlighted that Asia-Pacific markets represented the fastest-growing region, with China bookings up 35% sequentially as domestic IDMs and foundries expanded capacity for 3D NAND production.

In the most recent SEC Form 13F filing, Wallace Hart LLC disclosed the acquisition of 8,671 shares of Lam Research, representing a new position valued at approximately $1.16 million. This stake accounts for 0.9% of the fund’s overall portfolio and ranks Lam Research as its 20th largest holding. The move underscores growing institutional interest: overall hedge fund ownership of the company now stands at 84.61%, with nine new funds initiating positions in the past two quarters, each committing between $26,000 and $44,000 to the stock.

Several broker-dealers raised their outlook on Lam Research during January, with price targets boosted by an average of 20% compared to October levels. Bank of America lifted its objective to $245, while JPMorgan increased its projection to $300 and Cantor Fitzgerald set a new target of $320. The company’s beat-and-raise earnings report for the quarter delivered $1.27 in EPS, exceeding consensus by $0.10, and management issued guidance for fiscal Q3 EPS of $1.25 to $1.45. Analysts now forecast full-year earnings of $3.71 per share, reflecting a 12% upgrade to prior estimates driven by accelerating international orders.