Lam Research Announces $10B Buyback Authorization And 10-for-1 Stock Split, Effective After Close On Oct. 2
Portfolio Pulse from Benzinga Newsdesk
Lam Research has announced a $10 billion stock buyback authorization and a 10-for-1 stock split, effective after the close on October 2.
May 21, 2024 | 11:08 am
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Lam Research has announced a $10 billion stock buyback authorization and a 10-for-1 stock split, effective after the close on October 2. This move is likely to boost investor confidence and increase liquidity in the stock.
The $10 billion buyback indicates strong financial health and commitment to returning value to shareholders, which is likely to boost investor confidence. The 10-for-1 stock split will make the shares more affordable, potentially increasing liquidity and attracting more retail investors.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100