Lam Research approves 10-for-1 stock split and $10B buyback plan with no termination date.
Semiconductor giant Lam Research approved a 10-for-1 stock split and a $10B buyback plan with no termination date. CFO Doug Bettinger mentioned the buyback will follow its "plan to return 75-100% of free cash flow to stockholders" through dividends and buybacks. Lam's stock has already risen 64% in the past year and is only trading 3% below its all-time high. The upcoming stock split and buyback plan have generated interest in whether the stock is worth buying.
May 26, 2024
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