Lam Research Corporation (NASDAQ:LRCX) declared quarterly dividend of $ 1.30 per share, or $ 5.20 annualized. This is an increase of 13 percent from the previously announced dividend.
The dividend will be payable on October 14, 2020, to stockholders of record on September 30, 2020, with an ex-dividend date of September 29, 2020.
Dividends History
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Recent Earnings Announcement
Lam Research Corporation outlined income for the fourth quarter of $ 4.78 per share, from the revenue of $ 2,792.00 million. The quarterly earnings developed 32.04 percent while revenues developed 18.25 percent compared with the same quarter last year.
Wall street analysts are predicting, LRCX to report 4Q20 income of $ 4.05 per share from revenue of $ 2677.64 million. The bottom line results beat street analysts by $ 0.73 or 18.02 percent, at the same time, top line results outshined analysts by $ 114.36 million or 4.27 percent.
Stock Performance
Shares of Lam Research Corporation traded low $ -10.35 or -2.94 percent on Thursday, reaching $ 341.45 with volume of 1.88 million shares. Lam Research Corporation has traded high as $ 354.86 and has cracked $ 338.59 on the downward trend
The closing price of $ 341.45, representing a 93.96 % increase from the 52 week low of $ 181.38 and a 9.26 % decrease over the 52 week high of $ 387.70.
The company has a market capital of $ 49.72 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Lam Research Corporation designs, manufactures, markets, refurbishes, and services semiconductor processing equipment used in the fabrication of integrated circuits worldwide. The company offers ALTUS systems to deposit conformal films for tungsten metallization applications; SABRE electrochemical deposition product for copper damascene manufacturing; SOLA ultraviolet thermal processing products for film treatment; SPEED gapfill high-density plasma chemical vapor deposition (CVD) products; Striker single-wafer atomic layer deposition (ALD) products; and VECTOR plasma-enhanced CVD ALD products. It also provides Flex for dielectric etch applications; Kiyo for conductor etch applications; Syndion for through-silicon via etch applications; and Versys metal products for metal etch processes.
