Lam Research Corporation (NASDAQ:LRCX) to Issue $0.26 Quarterly Dividend

Lam Research Corporation (NASDAQ:LRCX) declared a quarterly dividend on Thursday, May 21st. Investors of record on Wednesday, June 17th will be paid a dividend of 0.26 per share by the semiconductor company on Wednesday, July 8th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Wednesday, June 17th.

Lam Research has increased 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 payout ratio of 25.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lam Research to earn $7.74 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 13.4%.

Lam Research Stock Up 3.5%

Shares of NASDAQ:LRCX opened at $302.24 on Friday. Lam Research has a 1 year low of $79.49 and a 1 year high of $303.18. The company has a market cap of $377.97 billion, a PE ratio of 57.03, a P/E/G ratio of 2.42 and a beta of 1.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 1.77. The stock’s 50-day moving average is $252.34 and its 200 day moving average is $214.71.

Lam Research (NASDAQ:LRCX) last announced its quarterly earnings results on Wednesday, April 22nd. The semiconductor company reported $1.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.11. Lam Research had a return on equity of 66.21% and a net margin of 30.94%.The company had revenue of $5.84 billion for the quarter, compared to the consensus estimate of $5.70 billion. During the same quarter in the previous year, the business earned $1.04 EPS. Lam Research’s revenue was up 23.8% compared to the same quarter last year. Lam Research has set its Q4 2026 guidance at 1.500-1.800 EPS. Sell-side analysts anticipate that Lam Research will post 5.67 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages recently issued reports on LRCX. Zacks Research downgraded Lam Research from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. KeyCorp reaffirmed a “sector weight” rating on shares of Lam Research in a research report on Thursday, January 29th. Stifel Nicolaus lifted their price objective on Lam Research from $300.00 to $325.00 and gave the company a “buy” rating in a research report on Thursday, April 23rd. Susquehanna lifted their price objective on Lam Research from $350.00 to $385.00 and gave the company a “positive” rating in a research report on Thursday, April 23rd. Finally, Citic Securities lifted their price objective on Lam Research from $165.00 to $275.00 and gave the company a “buy” rating in a research report on Friday, January 30th. Twenty-seven research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $293.46.

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.