Lam Research Corporation (NASDAQ:LRCX) to Issue Quarterly Dividend of $0.26

Lam Research Corporation (NASDAQ:LRCXGet Free Report) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, March 4th will be paid a dividend of 0.26 per share by the semiconductor company on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Wednesday, March 4th.

Lam Research has raised its dividend 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 dividend payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Lam Research to earn $3.76 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 27.7%.

Lam Research Trading Up 5.4%

NASDAQ LRCX opened at $224.77 on Friday. Lam Research has a 1 year low of $56.32 and a 1 year high of $251.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.26 and a quick ratio of 1.61. The company has a market capitalization of $280.69 billion, a PE ratio of 46.17, a P/E/G ratio of 2.27 and a beta of 1.78. The company has a fifty day moving average of $192.85 and a 200 day moving average of $149.41.

Lam Research (NASDAQ:LRCXGet Free Report) last posted its quarterly earnings data on Wednesday, January 28th. The semiconductor company reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $5.34 billion during the quarter, compared to analysts’ expectations of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The business’s revenue was up 22.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Research analysts forecast that Lam Research will post 3.71 earnings per share for the current year.

Insider Activity

In other news, CFO Douglas R. Bettinger sold 40,080 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $150.60, for a total value of $6,036,048.00. Following the transaction, the chief financial officer owned 987,237 shares in the company, valued at approximately $148,677,892.20. This represents a 3.90% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.31% of the company’s stock.

Institutional Trading of Lam Research

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its holdings in shares of Lam Research by 1,032.4% during the fourth quarter. Brighton Jones LLC now owns 14,189 shares of the semiconductor company’s stock worth $1,025,000 after purchasing an additional 12,936 shares during the period. Caxton Associates LLP purchased a new stake in Lam Research during the first quarter worth $239,000. Country Club Bank purchased a new position in shares of Lam Research in the second quarter valued at $247,000. REAP Financial Group LLC acquired a new stake in Lam Research in the 2nd quarter valued at about $31,000. Finally, Abel Hall LLC purchased a new stake in shares of Lam Research in the second quarter valued at about $249,000. Hedge funds and other institutional investors own 84.61% of the company’s stock.

About Lam Research

(Get Free Report)

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.

See Also

Dividend History for Lam Research (NASDAQ:LRCX)

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