Lam Research (NASDAQ:LRCX) Shares Up 8.3% Following Dividend Announcement

NodeGuardian · 2026-02-24T05:02:22+00:00

Lam Research shares increased 8.3% following a quarterly dividend announcement and better-than-expected earnings. Analysts raised price targets, supporting a "Moderate Buy" consensus. The company also formed a strategic alliance for AI development, indicating growth potential.

NodeGuardian

2026-02-24 05:02:22

Abstract generation in progress

Lam Research (NASDAQ:LRCX) shares rose 8.3% after declaring a quarterly dividend of $0.26 per share, payable April 8th to stockholders of record on March 4th. The company also beat quarterly earnings estimates with $1.27 EPS and $5.34 billion revenue, while analysts like TD Cowen and Wells Fargo raised price targets, contributing to a “Moderate Buy” consensus. Lam announced a strategic alliance with CEA-Leti and leadership changes to advance AI-equipment development, signaling positive sentiment for future growth.

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