Lam Research Approves $25 billion Share Buyback, Potential Buying Opportunity for Semiconductor Sector
SNDK Sandisk Corp
$886.51 +6.16%
View chart & analysis → - 1The Lam Research board of directors has approved a $25 billion share buyback program.
- 2The semiconductor sector plummeted on Thursday, with the Philadelphia Semiconductor Index (SOX) falling 12.25%.
- 3LYNX Equity Strategies analyzed that the worst of the selling pressure in the semiconductor sector may have passed.
So what's the key point?
Lam Research decided to buy back $25 billion worth of its own shares. While semiconductor stocks have dropped significantly, this could be an opportunity to buy.
Source Investing.com · View original ↗
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