Lam Research Corporation (LRCX) To Go Ex-Dividend on December 3rd

Lam Research Corporation (NASDAQ:LRCX) announced a quarterly dividend on Thursday, November 6th. Investors of record on Wednesday, December 3rd will be paid a dividend of 0.26 per share by the semiconductor company on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend is Wednesday, December 3rd.

Lam Research has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 10 consecutive years. Lam Research has a dividend payout ratio of 25.9% meaning 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 Price Performance

Lam Research stock opened at $159.35 on Friday. The company has a current ratio of 2.21, a quick ratio of 1.60 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $200.15 billion, a PE ratio of 35.10, a P/E/G ratio of 1.68 and a beta of 1.87. Lam Research has a 12 month low of $56.32 and a 12 month high of $166.92. The stock has a 50-day moving average price of $134.94 and a two-hundred day moving average price of $106.31.

Lam Research (NASDAQ:LRCX) last released its quarterly earnings results on Wednesday, October 22nd. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.22 by $0.04. Lam Research had a return on equity of 60.60% and a net margin of 29.66%.The company had revenue of $5.32 billion for the quarter, compared to analysts’ expectations of $5.23 billion. During the same period in the previous year, the business posted $0.86 earnings per share. The business’s quarterly revenue was up 27.7% compared to the same quarter last year. Lam Research has set its Q2 2026 guidance at 1.050-1.250 EPS. Analysts expect that Lam Research will post 3.71 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on LRCX. Dbs Bank upped their price target on shares of Lam Research from $119.40 to $184.20 in a research report on Monday, October 27th. Rothschild & Co Redburn boosted their price objective on shares of Lam Research from $140.00 to $150.00 and gave the stock a “buy” rating in a research note on Tuesday, October 14th. KeyCorp raised their target price on Lam Research from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 15th. Zacks Research raised Lam Research from a “hold” rating to a “strong-buy” rating in a report on Monday, October 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and issued a $170.00 price target on shares of Lam Research in a research note on Thursday, October 23rd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Lam Research has an average rating of “Moderate Buy” and an average target price of $148.54.

Lam Research Company Profile

Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition products for copper interconnect transition that offers copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatments; and VECTOR plasma-enhanced CVD ALD products.