Lam Research Co. (NASDAQ:LRCX) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Investors of record on Wednesday, December 11th will be given a dividend of 1.15 per share by the semiconductor company on Wednesday, January 8th. This represents a $4.60 annualized dividend and a yield of 1.70%. The ex-dividend date is Tuesday, December 10th.
Shares of Lam Research stock opened at $269.86 on Friday. The firm has a market capitalization of $38.42 billion, a P/E ratio of 18.55, a P/E/G ratio of 1.28 and a beta of 1.64. Lam Research has a 52 week low of $122.64 and a 52 week high of $285.87. The company has a quick ratio of 2.99, a current ratio of 3.59 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $266.58 and its two-hundred day moving average is $219.87.
Lam Research (NASDAQ:LRCX) last released its quarterly earnings data on Wednesday, October 23rd. The semiconductor company reported $3.18 earnings per share for the quarter, topping analysts’ consensus estimates of $3.01 by $0.17. Lam Research had a net margin of 22.38% and a return on equity of 43.11%. The company had revenue of $2.17 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same quarter last year, the company earned $3.36 earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. As a group, research analysts expect that Lam Research will post 15.21 earnings per share for the current fiscal year.
In other Lam Research news, CFO Douglas R. Bettinger sold 18,693 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The stock was sold at an average price of $279.03, for a total transaction of $5,215,907.79. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sarah A. O’dowd sold 22,140 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $233.77, for a total value of $5,175,667.80. The disclosure for this sale can be found here. Insiders have sold a total of 69,454 shares of company stock worth $17,570,625 over the last three months. 0.43% of the stock is currently owned by insiders.
About Lam Research
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.
Recommended Story: What is the Dividend Aristocrat Index?
Receive News & Ratings for Lam Research Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lam Research and related companies with MarketBeat.com's FREE daily email newsletter.