“Lam’s March quarter results demonstrate strong execution in a challenging near-term industry environment,” said CEO Timothy Archer.
The company paid a quarterly dividend of $1.10 per share on April 10, 2019, to shareholders of record as of March 20, 2019.
The semiconductor industry, which was battered in 2018 by the trade war between the US and China, the fear of global economy slow down, and the crash in cryptocurrency, bounced back in 2019. This is evidence by the fact that the Philadelphia Semiconductor Index increased 37% in 2019.
LRCX stock, which inched up 0.34% to $195.44 when market closed today. had gained 44% since beginning of this year and 5% in the past 12 months.