Lam Research Corporation (NASDAQ:LRCX) Announces Dividend Increase – $0.33 Per Share

Lam Research Corporation (NASDAQ:LRCX) declared a quarterly dividend on Thursday, August 27th. Investors of record on Wednesday, September 23rd will be paid a dividend of 0.33 per share by the semiconductor company on Wednesday, October 14th. This represents a c) annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Wednesday, September 23rd. This is a 26.9% increase from Lam Research’s previous quarterly dividend of $0.26.

Lam Research has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 10 years. Lam Research has a payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lam Research to earn $11.35 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 9.2%.

Lam Research Stock Performance

Shares of LRCX opened at $318.58 on Friday. The company has a market capitalization of $398.65 billion, a PE ratio of 55.31, a price-to-earnings-growth ratio of 1.24 and a beta of 1.84. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.63 and a quick ratio of 1.91. Lam Research has a one year low of $94.11 and a one year high of $438.50. The company’s fifty day moving average price is $332.17 and its 200 day moving average price is $289.05.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, July 29th. The semiconductor company reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.13. The company had revenue of $6.72 billion during the quarter, compared to analysts’ expectations of $6.66 billion. Lam Research had a net margin of 31.27% and a return on equity of 67.60%. The business’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 earnings per share. Lam Research has set its Q1 2027 guidance at 2.000-2.300 EPS. As a group, analysts expect that Lam Research will post 9.32 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on LRCX. Oppenheimer reissued an “outperform” rating and set a $400.00 price objective (up from $330.00) on shares of Lam Research in a research report on Monday, June 15th. Mizuho lowered their target price on Lam Research from $370.00 to $365.00 and set an “outperform” rating on the stock in a report on Tuesday. Sanford C. Bernstein lifted their price target on Lam Research from $325.00 to $340.00 and gave the stock an “outperform” rating in a research report on Thursday, May 21st. Barclays reiterated an “overweight” rating and set a $335.00 price target (up from $275.00) on shares of Lam Research in a report on Thursday, June 11th. Finally, Morgan Stanley reduced their price objective on Lam Research from $404.00 to $367.00 and set an “overweight” rating for the company in a research report on Thursday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $357.31.

Lam Research Company Profile

Lam Research Corporation (NASDAQ: LRCX) is a global supplier of wafer fabrication equipment and services to the semiconductor industry. Founded in 1980 by David K. Lam and headquartered in Fremont, California, the company develops and manufactures systems used in multiple stages of semiconductor device production, including thin film deposition, plasma etch, wafer cleaning and related process modules and automation.

Lam’s product portfolio covers core process technologies employed by logic and memory manufacturers, with equipment designed to support advanced-node patterning, 3D NAND and other emerging device architectures.