Lam Research Authorizes $25 Billion Share Repurchase
The board approved a $25 billion buyback authorization with no termination date. Shares rose 10% to $204.12 by midday Friday and were up 19% this year.
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04:57:26 PM UTC
SquawkNews
Lam Research Shares Gain on $25 Billion Buyback Authorization
By Elias SchisgallShares of Lam Research rose after the company's board approved a $25 billion share repurchase authorization.Shares were up 10% to $204.12 as of midday Friday. The stock has gained 19% this year.The new buyback authorization has no termination date, the company said."The share repu…