Lam Research Corporation (NASDAQ:LRCX) Announces Quarterly Dividend of $0.33

Lam Research Corporation (NASDAQ:LRCX) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Wednesday, December 2nd will be given a dividend of $0.33 per share by the semiconductor company on Wednesday, January 6th. This represents a $1.32 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd.

Lam Research has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend every year for the last 10 years. Lam Research has a payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lam Research to earn $11.88 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 11.1%.

Lam Research Trading Down 16.3%

NASDAQ LRCX opened at $185.41 on Friday. The firm has a 50 day moving average of $286.73 and a two-hundred day moving average of $283.78. The stock has a market capitalization of $231.62 billion, a PE ratio of 27.63, a price-to-earnings-growth ratio of 0.82 and a beta of 1.97. Lam Research has a 52 week low of $135.50 and a 52 week high of $438.50. The company has a quick ratio of 1.86, a current ratio of 2.48 and a debt-to-equity ratio of 0.27.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 EPS for the quarter, topping the consensus estimate of $2.18 by $0.02. The firm had revenue of $8.22 billion for the quarter, compared to analyst estimates of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. Lam Research’s revenue for the quarter was up 54.4% compared to the same quarter last year. During the same period last year, the business earned $1.26 EPS. As a group, research analysts expect that Lam Research will post 9.59 EPS for the current fiscal year.

Key Stories Impacting Lam Research

Here are the key news stories impacting Lam Research this week:

• Positive Sentiment: The board authorized a $25 billion share repurchase, allowing Lam Research to buy back up to 9% of its shares. The program may support shareholder returns, though it does not guarantee purchases at any particular price. Company announcement
• Positive Sentiment: Lam declared a quarterly dividend of $0.33 per share, payable January 6 to shareholders of record December 2—equivalent to $1.32 annually and a reported yield of about 0.7%. Company announcement
• Neutral Sentiment: U.S. index futures were mixed ahead of October’s jobs report, leaving the broader market backdrop uncertain; the report did not provide a specific Lam-related development. Market overview
• Negative Sentiment: Reports described a sharp recent drop in Lam Research shares as investors reassessed AI spending and the outlook for the next semiconductor-equipment investment cycle. One report noted no clear company-specific catalyst, suggesting sentiment and expectations may be contributing to pressure. Report on AI-spending concerns

Lam Research Company Profile

Lam Research is a global supplier of equipment and services used to manufacture semiconductors. Its products help chipmakers create and process the microscopic structures that form integrated circuits.

The company’s wafer fabrication equipment is used for processes including etch, thin-film deposition and wafer cleaning. Lam also provides services such as equipment maintenance, upgrades, spare parts and other support for chip manufacturing operations.

Founded in 1980 and headquartered in Fremont, California, Lam Research serves semiconductor manufacturers around the world.