Lam Research Corporation (NASDAQ:LRCX – Get Free Report) announced 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 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 2nd.
Lam Research has raised 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 dividend payout ratio of 32.8% meaning its dividend is sufficiently covered by earnings. Equities research 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 Price Performance
Lam Research stock opened at $200.44 on Friday. Lam Research has a 12 month low of $135.50 and a 12 month high of $438.50. The company has a current ratio of 2.48, a quick ratio of 1.86 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $250.38 billion, a price-to-earnings ratio of 33.66, a PEG ratio of 0.84 and a beta of 1.97. The stock’s 50 day moving average is $284.37 and its 200-day moving average is $283.67.
Lam Research (NASDAQ:LRCX – Get Free Report) last issued its quarterly 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 net margin of 32.34% and a return on equity of 72.15%. The company had revenue of $8.22 billion for the quarter, compared to the consensus estimate of $8.14 billion. During the same period in the previous year, the firm earned $1.26 EPS. The firm’s quarterly revenue was up 54.4% on a year-over-year basis. Equities research analysts expect that Lam Research will post 9.59 EPS for the current year.
Lam Research declared that its Board of Directors has approved a share repurchase program on Thursday, November 5th that permits the company to buy back $25 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 9% of its shares through open market purchases. Share buyback programs are usually a sign that the company’s board of directors believes its stock is undervalued.
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.
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