Why Lam Research Shares Are Moving Higher Tuesday
Why Lam Research Shares Are Moving Higher Tuesday
Lam Research Corp (NASDAQ:LRCX) stock is trading higher Tuesday after the company announced a buyback authorization and stock split.
Lam Research Corp（納斯達克股票代碼：LRCX）週二股價走高，此前該公司宣佈回購授權和股票拆分。
What Happened: Lam Research said its board approved a new share repurchase program of up to $10 billion of the company's common stock. The new buyback supplements the remaining balances from any prior authorizations.
發生了什麼：Lam Research表示，其董事會批准了一項新的股票回購計劃，回購該公司高達100億美元的普通股。新的回購補充了任何先前授權的剩餘餘額。
Repurchases may be conducted through public and private transactions, including the use of derivative contracts and structured share repurchase agreements. Lam Research noted that the buyback program has no expiration date and can be paused or terminated at any time.
回購可以通過公開和私人交易進行，包括使用衍生合約和結構化股票回購協議。Lam Research指出，回購計劃沒有到期日期，可以隨時暫停或終止。
"The share repurchase authorization announced today will execute over an indeterminate period of time and is consistent with our plan to return 75% to 100% of free cash flow to stockholders in the form of dividends and share buybacks," said Doug Bettinger, executive vice president and CFO of Lam Research.
Lam Research執行副總裁兼首席財務官道格·貝廷格表示：“今天宣佈的股票回購授權將在不確定的時間內執行，這符合我們以股息和股票回購的形式向股東返還75％至100％的自由現金流的計劃。”
"Furthermore, the stock split announced today will enable a larger proportion of Lam's worldwide employee base to participate in the company's employee stock plans."
“此外，今天宣佈的股票拆分將使Lam全球更大比例的員工能夠參與公司的員工股票計劃。”
Lam Research plans to enact a 10-for-1 split of its common stock. The stock split is anticipated to take effect following the market close on Oct. 2 for shareholders of record at that time. Lam Research's common stock will begin trading on a post-split basis at the market open on Oct. 3.
Lam Research計劃對其普通股進行10比1的分割。對於當時登記在冊的股東，股票拆分預計將在10月2日收盤後生效。Lam Research的普通股將在10月3日開盤時開始在拆分後的基礎上交易。
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LRCX Price Action: Lam Research stock was up 2.12% at $962 at the time of publication, according to Benzinga Pro.
LRCX價格走勢：根據Benzinga Pro的數據，Lam Research的股票在發佈時上漲了2.12％，至962美元。
Image: Courtesy of Lam Research.
圖片：由 Lam Research 提供。