BUZZ - Chip company Lam Research shares rise after announcing a $25 billion stock buyback plan

November 5 - ** Chip equipment manufacturer Lam Research (LRCX.O) saw its stock price rise 2.3% in after-hours trading to $189.54, after a sharp drop during the regular session; the company is currently planning a stock buyback

** LRCX announced (link) authorization for a $25 billion share repurchase, stating that this will supplement the remaining amount from the previous authorization

** The company also announced a quarterly dividend of $0.33 per share, to be paid on January 6, 2027 to shareholders of record as of December 2, 2027

** On Thursday, the Philadelphia Semiconductor Index .SOX plunged by more than 12% and the Nasdaq Index .IXIC fell by more than 5%, while LRCX shares tumbled 16.4% to close at $185.20—a new low since early January—as the market feared stricter AI regulation following the Democratic Party’s sweeping election victory (link)

** According to data from London Stock Exchange Group (LSEG), California-based LRCX has a market capitalization of around $231.3 billion

** As of the close, the stock is up 8% year to date

** The average rating from 34 analysts is “Buy”; the median target price is $350

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