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Lam Research Corporation Buyback

OLI recorded this information on 5/11/2022

Company: Lam Research Corporation
Buyback: LRCX buyback
$Amount Authorized: $5,000,000,000
Buyback Details: Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors approved a $5 billion share repurchase authorization and a quarterly dividend of $1.50 per share of common stock.

Lam Research is a supplier of wafer fabrication equipment and services to the semiconductor industry. Co. designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. Co. also addresses processes for back-end wafer-level packaging, which is an alternative to wire bonding. In addition, Co. provides packaging solutions that support fan-out panel-level packaging. Co. provides a range of services throughout the lifecycle of its equipment, including customer service, spares, improvement, and refurbished non-leading edge products in its deposition, etch, and clean markets.

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Company Name:  Lam Research Corp
Stock buyback:  LRCX buyback
Website:  www.lamresearch.com
Sector:  Industrial Machinery & Equipment
Number of ETFs Holding LRCX:  135
Total Market Value Held by ETFs:  $19.29B
Total Market Capitalization:  $114.09B
% of Market Cap. Held by ETFs:  16.91%
 

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April 24, 2024    12:56 AM Eastern
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Buy (3.26 out of 4)
43rd percentile
(ranked lower than approx. 57% of all stocks covered)

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