Skip to playerSkip to main content
After-the-fact Expert
Lam Research shares surged 8.15% as the chip-equipment maker announced a new $25 billion share repurchase authorization. Its board also approved a quarterly dividend of $0.33 per share. With no other company news reported, the capital-return announcement was the clearest catalyst for Lam’s outsized move.

For informational and educational purposes only. Not financial advice.

#LamResearch #LRCX #Semiconductors #StockMarket

Category

🗞
News
Transcript
00:00LAM research surged 8.15% today. What happened?
00:05What happened was a major capital return announcement.
00:09The company said in an SEC filing that its board approved a $25 billion share repurchase authorization
00:16and a quarterly dividend of $0.33 per share.
00:22LAM said the new authorization supplement's remaining balances from its prior program.
00:28Chief Financial Officer Doug Bettinger pointed to robust cash generation
00:33and said the move reinforces the company's plan to return value to shareholders through buybacks and dividends.
00:42Technology rose 1.48% today, so this went much further than the sector did.
00:48A new post-market recap every trading day.

Recommended