Chip firm Lam Research rises after announcing $25 bln stock buyback
LRCX•Lam Research authorized a $25 billion share repurchase and declared a quarterly dividend of $0.33 per share. Its shares rose 2.3% in post-market trading after falling 16.4% during the regular session.
1. Buyback and dividend
Lam Research announced a $25 billion share repurchase authorization, which it said supplements the remaining balances from prior authorizations. It also declared a quarterly dividend of $0.33 per share, payable on January 6, 2027, to holders as of December 2, 2026.
2. Share moves
Lam Research shares rose 2.3% to $189.54 in post-market trading after falling 16.4% on Thursday to close at $185.20, their lowest level since early January. The Philadelphia Semiconductor index fell more than 12% and the Nasdaq retreated more than 5% during Thursday’s session.
