LRCX News

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. Lam Research also plans to enact a 10-for-1 split of its common stock.

Someone with a lot of money to spend has taken a bearish stance on Lam Research (NASDAQ:LRCX). And retail traders should know. We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.

A whale with a lot of money to spend has taken a noticeably bearish stance on Lam Research. Looking at options history for Lam Research (NASDAQ:LRCX) we detected 10 strange trades.

Lam Research's (NASDAQ:LRCX) short percent of float has fallen 20.47% since its last report. The company recently reported that it has 1.40 million shares sold short, which is 1.01% of all regular shares that are available for trading.

Lam Research (NASDAQ:LRCX) has outperformed the market over the past 20 years by 9.01% on an annualized basis producing an average annual return of 16.12%. Currently, Lam Research has a market capitalization of $67.00 billion.

Shares of semiconductor stocks, including Lam Research Corporation (NASDAQ: LRCX), are trading higher in sympathy with QUALCOMM, Inc. (NASDAQ: QCOM), which reported better-than-expected second-quarter EPS and sales resu