Lam Research Corporation (NASDAQ:LRCX) Updates On Dividend Release Date


On 2016-07-26, Lam Research Corporation (NASDAQ:LRCX) confirmed the dividend disbursement of $0.3 a share to shareholders as on record 2016-06-08. The firm will release dividend on 2016-06-29 while ex-dividend date is reported to be 2016-06-06.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Lam Research Corporation (NASDAQ:LRCX) paid a total of $0.3 per share in dividends. This figure stood at $0.3 a share in the same period a year ago indicating a deviation of 42.8571%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $101.25 on the stock. This figure is the average of recommendations offered by 12 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $110 and $85, respectively.

Taking the mathematical rating formula, the price for Lam Research Corporation (NASDAQ:LRCX) stands at 1.25. Earnings Review Lam Research Corporation (NASDAQ:LRCX) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-10-19. For the period ending on 2016-09-30, experts are expecting EPS of $1.79.

Coming to the quarter ending on 2016-06-30, Lam Research Corporation (NASDAQ:LRCX) recorded EPS of $1.8. The reported numbers came lower than the analysts’ estimates of $1.64, demonstrating a miss of $0.16 as against reported figures.

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