Lam Research (LRCX) shares rose 1.4% to close at $328.51 on Wednesday, driven by strong Q4 earnings and a dividend hike.
The semiconductor equipment manufacturer exceeded analyst expectations with quarterly results: earnings of $1.82 per share and sales of $6.72 billion, representing 30% annual growth.
Lam Research also increased its quarterly payout from $0.26 to $0.33 per share, boosting shareholder returns.
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