Citi on Lam Research (LRCX): 'our #1 equipment pick'

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Go back to Citi on Lam Research (LRCX): 'our #1 equipment pick'

Lam Research Corporation Announces $10 Billion Share Repurchase Authorization and a 10-for-1 Stock Split

May 21, 2024 7:05 AM EDT

FREMONT, Calif., May 21, 2024 /PRNewswire/ -- Lam Research Corporation (Nasdaq: LRCX) today announced that its Board of Directors approved a $10 billion share repurchase authorization and a forward split of its outstanding shares of common stock at a ratio of 10:1.

"The share repurchase authorization announced today will execute over an indeterminate period of time and is consistent with our plan to... More