Lam Research Corp (NASDAQ:LRCX) has reached a new 52-week high, with shares hitting $102.32, marking a significant milestone for the semiconductor equipment giant valued at $130.34 billion. This uptick reflects steady growth and strong investor confidence, as the company’s stock has gained 4.54% over the past year, underscoring its robust market position. Lam Research has also consistently rewarded shareholders by increasing its dividend for 11 straight years.
In recent developments, the company declared a quarterly dividend of $0.23 per share, payable to shareholders on record as of June 18, 2025, demonstrating its ongoing focus on returning value to investors. Stifel reaffirmed a Buy rating on Lam Research, citing the company’s solid third-quarter results and optimistic revenue forecasts for the fourth quarter that exceed analyst expectations. Additionally, Goldman Sachs initiated coverage with a Buy rating, pointing to Lam Research’s strong foothold in NAND equipment upgrades and its leadership in High Bandwidth Memory technology as key growth drivers.
Lam Research also updated its corporate bylaws to empower shareholders holding at least 20% of shares for over a year to call special meetings. This change aims to ensure shareholders receive timely, relevant information while minimizing unnecessary meetings.
However, the company faces industry-wide headwinds as U.S. semiconductor equipment makers navigate uncertainties caused by ASML’s recent warning about possible slower growth in 2026 due to ongoing U.S. tariffs. This has resulted in postponed capital investments by domestic chipmakers awaiting clearer tariff guidance.
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