HSBC Raises Price Targets for Applied Materials, Lam Research, and ASM International Amid Strong Wafer Fab Equipment Market Outlook
HSBC has raised its price targets for semiconductor equipment firms Applied Materials (AMAT), Lam Research (LRCX), and ASM International (ASMIY) due to a stronger-than-expected wafer fab equipment market. Analyst Adithya Metuku cited updated estimates on July 12, 2026, as the basis for the upward revision. The firm's optimism is rooted in improved demand dynamics within the semiconductor manufacturing sector, which has driven better-than-anticipated performance from these companies' products and services. The price target increases reflect HSBC’s confidence that this trend will continue to support strong financial results across the industry segment.
Topics: price target boost semiconductor wafer fab equipment