KLA Corporation (NASDAQ:KLAC) Increases Dividend to $0.23 Per Share

KLA Corporation (NASDAQ:KLAC) announced a quarterly dividend on Thursday, August 6th. Stockholders of record on Monday, August 17th will be given a dividend of 0.23 per share by the semiconductor company on Tuesday, September 1st. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Monday, August 17th. This is a 0.0% increase from KLA’s previous quarterly dividend of $0.23.

KLA has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 16 consecutive years. KLA has a payout ratio of 2.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KLA to earn $6.54 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 14.1%.

KLA Price Performance

Shares of NASDAQ KLAC opened at $193.22 on Friday. The company’s fifty day moving average is $223.51 and its two-hundred day moving average is $182.95. The firm has a market capitalization of $252.40 billion, a P/E ratio of 52.69, a PEG ratio of 1.48 and a beta of 1.45. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88. KLA has a one year low of $83.22 and a one year high of $307.37.

KLA (NASDAQ:KLAC) last posted its quarterly earnings data on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $3.66 billion during the quarter, compared to analysts’ expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. Analysts forecast that KLA will post 5.42 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Sanford C. Bernstein reiterated an “outperform” rating and issued a $225.00 target price on shares of KLA in a research note on Wednesday, July 29th. Rothschild & Co Redburn boosted their target price on KLA from $140.00 to $186.50 and gave the stock a “neutral” rating in a report on Tuesday, May 12th. Scotiabank set a $200.00 target price on shares of KLA in a research report on Wednesday, June 10th. Barclays reaffirmed an “overweight” rating and issued a $225.00 target price on shares of KLA in a research report on Monday, July 20th. Finally, Oppenheimer restated an “outperform” rating and set a $260.00 target price (up from $200.00) on shares of KLA in a research report on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $223.70.

About KLA

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA’s offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.