Lam Research Shares Rise 10% After $25 Billion Buyback Approval

A $25 billion share repurchase authorization lifted Lam Research shares 10% to $204.12 by midday Friday, extending the stock’s gains this year to 19%. The board approved the authorization without setting a termination date, the company said.

Today, 19:52· Money Talk· 137 reads

Lam Research Shares Rise 10% After $25 Billion Buyback Approval

Chief Financial Officer Doug Bettinger said the authorization reinforces Lam Research’s capital allocation plan and its commitment to return significant value to stockholders through dividends and share repurchases.

Bettinger said the company’s positioning at key technology inflections and robust cash generation gave it confidence in meeting its capital return objectives over time.

Lam Research Shares Rise 10% After $25 Billion Buyback Approval

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