| | | Semis gain on bottom call, NAND orders
Mar. 15, 2019 10:26 AM ET|About: Lam Research Corporation (LRCX)|By: Brandy Betz, SA News Editor
Semis gain after Broadcom called for a bottom in the semi business in Q2 and Lam Research ( LRCX +5.6%) received a Citi target bump from $177 to $215 citing a recent pickup in NAND equipment orders.
On the move: Ichor ( ICHR +6.5%), MKS Instruments ( MKSI +5.9%), STMicroelectronics ( STM +5.4%), Ultra Clean ( UCTT +5.2%), Applied Materials ( AMAT +4.4%), Skyworks ( SWKS +4.3%), Micron ( MU +2.9%), Lumentum ( LITE +4.1%), Nvidia ( NVDA +2.8%).
The Philadelphia Semiconductor Index is up 3.3%.
Related semi ETFs: SOXL, SOXX, SMH, USD, PSI, XSD, SOXS, SSG, FTXL, XTH
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