Does Lam Research's $10 Billion Buyback Make Its Stock Worth Buying?

The semiconductor equipment giant sees sunnier days ahead. Lam's stock rose slightly after the news, but its stock has already rallied about 64% over the past 12 months and is only trading 3% below its all-time high. Do its upcoming stock split and fresh buyback plan make its stock worth buying? Why did investors turn bullish on Lam? Lam Research is one of the world's largest producers of wafer fabrication equipment (WFE) for manufacturing silicon wafers. It's widely considered one of the linchpins of the s ...