Lam Research Corporation (LRCX) to Issue Quarterly Dividend of $0.26 on April 8th

Lam Research Corporation (NASDAQ:LRCX) declared a quarterly dividend on Thursday, February 5th. Stockholders of record on Wednesday, March 4th will be paid a dividend of 0.26 per share by the semiconductor company on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date is Wednesday, March 4th.

Lam Research has raised its dividend 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 payout ratio of 25.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of LRCX opened at $231.01 on Friday. The company has a current ratio of 2.26, a quick ratio of 1.61 and a debt-to-equity ratio of 0.37. The firm has a market cap of $288.48 billion, a PE ratio of 47.34, a P/E/G ratio of 2.31 and a beta of 1.78. Lam Research has a 12 month low of $56.32 and a 12 month high of $251.87. The stock has a fifty day moving average price of $194.38 and a 200-day moving average price of $150.30.

Lam Research (NASDAQ:LRCX) last announced its earnings results on Wednesday, January 28th. The semiconductor company reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.10. The company had revenue of $5.34 billion for the quarter, compared to analyst estimates of $5.23 billion. Lam Research had a return on equity of 62.81% and a net margin of 30.22%.The firm’s quarterly revenue was up 22.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.91 EPS. Lam Research has set its Q3 2026 guidance at 1.250-1.450 EPS. Equities research analysts predict that Lam Research will post 3.71 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Oppenheimer reiterated an “outperform” rating and issued a $265.00 target price on shares of Lam Research in a research note on Thursday, January 29th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $320.00 price target (up previously from $265.00) on shares of Lam Research in a report on Thursday, January 29th. Wells Fargo & Company boosted their price objective on shares of Lam Research from $250.00 to $290.00 and gave the company an “overweight” rating in a report on Thursday, January 29th. B. Riley Financial reissued a “buy” rating on shares of Lam Research in a research report on Thursday, January 15th. Finally, Berenberg Bank lifted their price target on Lam Research from $122.00 to $165.00 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty-eight have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $243.32.

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.