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'
May 22, 2024 5:13 AM EDT
Wells Fargo analyst Joseph Quatrochi reiterated an Equal Weight rating and $980.00 price target on Lam Research (NASDAQ: LRCX)
The analyst comments "Lam Research announced that it has authorized an additional $10 billion for share repurchases (no expiry). The company notes that this new authorization supplements the remaining balance of its prior $1.06 billion... More
May 21, 2024 9:12 AM EDT
Deutsche Bank analyst Melissa Weathers reiterated a Hold rating and $1,000.00 price target on Lam Research (NASDAQ: LRCX)
The analyst comments "Before market open, LRCX announced that its BoD has authorized an additional $10b in share repurchases as well as a 10:1 forward split... More
May 21, 2024 7:43 AM EDT
Lam Research (NASDAQ: LRCX) stock has risen more than 4% premarket Tuesday after the company announced a share repurchase program and a stock split.
The company's board has authorized a repurchase of up to $10 billion of common stock. The new share repurchase authorization supplements the... More
May 21, 2024 7:06 AM EDT
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 return 75% to 100% of free cash flow to stockholders in the form of dividends and share buybacks," said Doug Bettinger, Lam's Executive Vice President, and Chief Financial Officer.... More
