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

November 5 - ** Chip equipment manufacturer Lam Research (LRCX.O) shares rose 2.3% in after-hours trading to $189.54, after having dropped sharply during the regular session; the company is currently planning a stock buyback

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

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

** Following a comprehensive victory by the Democratic Party in the election, market concerns over stricter AI regulation (link) caused the Philadelphia Stock Exchange Semiconductor Index .SOX to plunge by more than 12%, the Nasdaq Index .IXIC to retreat over 5%, and LRCX shares dropped 16.4% on Thursday to close at $185.20, their lowest level since early January

** According to data from London Stock Exchange Group (LSEG), LRCX, headquartered in Fremont, California, has a market capitalization of approximately $231.3 billion

** At the close, the stock had risen 8% year to date

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

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