Lam Research sets quarterly dividend at $0.23 per share

FREMONT, Calif. - Lam Research Corporation (NASDAQ:LRCX), a global supplier of wafer fabrication equipment and services to the semiconductor industry, has declared a quarterly dividend of $0.23 per share. The dividend is payable on April 9, 2025, to shareholders of record as of March 5, 2025. According to InvestingPro data, Lam Research has consistently raised its dividend for 11 consecutive years, with the current yield at 1.12%.

This announcement follows the company’s consistent practice of returning value to its shareholders and reflects its financial strength, evidenced by its healthy current ratio of 2.54 and moderate debt levels. InvestingPro analysis shows the company maintains strong financial health with liquid assets exceeding short-term obligations. The decision to continue dividend payments is subject to the approval of Lam Research’s Board of Directors, and future dividends will be reviewed by the board.

Lam Research, a FORTUNE 500® company with a market capitalization of $106.35 billion, plays a critical role in the semiconductor industry. Its technology is integral to the production of advanced chips, which are used in a variety of electronic devices. The company’s commitment to innovation and customer service has solidified its position as a key player in the market, demonstrated by its impressive 13.21% revenue growth in the last twelve months. For detailed insights into Lam Research’s market position and growth prospects, investors can access comprehensive analysis through InvestingPro’s Research Reports.

The forward-looking statements in the press release, which include plans for future dividends, are subject to various factors that could cause actual results to differ materially. These factors encompass changes in customer and competitor actions, industry and economic conditions, regulatory shifts, geopolitical tensions, inflationary pressures, supply chain disruptions, manufacturing constraints, and other risks that could impact operations and revenue.

Investors are cautioned that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties, as detailed in Lam Research’s filings with the Securities and Exchange Commission, including its annual and quarterly reports.

The announcement of the dividend is based on a press release statement from Lam Research Corporation.

In other recent news, Lam Research has been the focus of several analyst upgrades and revisions following its promising second fiscal quarter results. Stifel maintained a Buy rating on Lam Research, highlighting the company’s significant increase in NAND sales and revenue growth from South Korea. Stifel also noted the company’s anticipation of technology-driven upgrades starting in 2025, despite potential revenue headwinds from China due to recent export restrictions.

Cantor Fitzgerald upgraded Lam Research from Neutral to Overweight, raising the price target to $100 from $95. This decision was influenced by the company’s recent earnings report, which exceeded expectations. The company also projected a 5% growth in wafer fabrication equipment for the calendar year 2025, surpassing negative expectations.

KeyBanc Capital Markets also maintained an Overweight rating on Lam Research, following the announcement of its fiscal second-quarter results. The company reported a 2% and 4% beat on revenue and EPS, respectively, and provided third-quarter guidance that exceeded consensus.

Goldman Sachs raised the price target for Lam Research to $90 from the previous $85, maintaining a Buy rating. The firm’s confidence in Lam Research is based on several factors, including the company’s focus on Deposition and Etch—two product areas expected to secure a larger share of the WFE market.

Finally, Bernstein upgraded Lam Research from Market Perform to Outperform, increasing the price target from $85.00 to $91.00. The upgrade reflects a shift in the firm’s view of the semiconductor capital equipment industry and Lam Research’s position within it.

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