Lam Research Corporation (LRCX) to Distribute Quarterly Dividend of $0.33 on October 14th

Lam Research Corporation (NASDAQ:LRCX) declared a quarterly dividend on Thursday, August 27th. Shareholders of record on Wednesday, September 23rd will be given 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 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 annually for the last 10 consecutive years. Lam Research has a payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Equities 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 stock opened at $301.90 on Friday. The firm has a market capitalization of $377.77 billion, a price-to-earnings ratio of 52.41, a PEG ratio of 1.26 and a beta of 1.84. The company has a current ratio of 2.63, a quick ratio of 1.91 and a debt-to-equity ratio of 0.30. The business’s 50-day moving average price is $330.43 and its 200-day moving average price is $289.14. Lam Research has a 12 month low of $94.11 and a 12 month high of $438.50.

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

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.