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

Lam Research Corporation (NASDAQ:LRCX) announced a quarterly dividend on Thursday, November 5th. Investors of record on Wednesday, December 2nd will be paid 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 increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 10 consecutive 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 Stock Down 16.3%

Shares of Lam Research stock opened at $185.41 on Friday. The stock’s 50-day moving average is $286.73 and its 200 day moving average is $283.78. Lam Research has a one year low of $135.50 and a one year high of $438.50. The firm has a market cap of $231.62 billion, a price-to-earnings ratio of 27.63, a PEG ratio of 0.82 and a beta of 1.97. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.48 and a quick ratio of 1.86.

Lam Research (NASDAQ:LRCX) last issued its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.02. Lam Research had a return on equity of 72.15% and a net margin of 32.34%. The business had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the previous year, the company posted $1.26 earnings per share. The firm’s revenue for the quarter was up 54.4% on a year-over-year basis. Equities research analysts anticipate that Lam Research will post 9.59 EPS for the current year.

Lam Research News Roundup

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.