Lam Research Corporation (NASDAQ:LRCX) Shareholders to Get $0.33 Quarterly Dividend

Lam Research Corporation (NASDAQ:LRCX) declared a quarterly dividend on Thursday, November 5th. Shareholders 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 yield of 0.7%. The ex-dividend date is Wednesday, December 2nd.

Lam Research has increased its dividend 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 dividend payout ratio of 32.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 16.3%

NASDAQ LRCX opened at $185.41 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.86 and a current ratio of 2.48. The firm has a market cap of $231.62 billion, a PE ratio of 27.63, a P/E/G ratio of 0.82 and a beta of 1.97. Lam Research has a one year low of $135.50 and a one year high of $438.50. The firm’s fifty day moving average is $286.73 and its two-hundred day moving average is $283.78.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, October 21st. The semiconductor company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.02. The business had revenue of $8.22 billion during the quarter, compared to the consensus estimate of $8.14 billion. Lam Research had a net margin of 32.34% and a return on equity of 72.15%. The business’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Analysts expect that Lam Research will post 9.59 earnings per share for the current year.

Key Stories Impacting Lam Research

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.