KLA Corporation Announces Quarterly Dividend of $1.90 (NASDAQ:KLAC)

KLA Corporation (NASDAQ:KLAC) declared a quarterly dividend on Thursday, November 6th. Stockholders of record on Monday, November 17th will be given a dividend of 1.90 per share by the semiconductor company on Tuesday, December 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Monday, November 17th.

KLA has increased its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 16 years. KLA has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect KLA to earn $32.09 per share next year, which means the company should continue to be able to cover its $7.60 annual dividend with an expected future payout ratio of 23.7%.

KLA Trading Down 1.7%

Shares of KLA stock opened at $1,206.40 on Friday. The company has a 50 day simple moving average of $1,063.03 and a two-hundred day simple moving average of $916.98. KLA has a 1 year low of $551.33 and a 1 year high of $1,284.47. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.62 and a quick ratio of 1.83. The firm has a market cap of $158.86 billion, a PE ratio of 37.88, a PEG ratio of 3.56 and a beta of 1.52.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported $8.81 earnings per share for the quarter, topping the consensus estimate of $8.47 by $0.34. KLA had a return on equity of 113.10% and a net margin of 33.83%.The company had revenue of $3.21 billion for the quarter, compared to the consensus estimate of $3.17 billion. During the same quarter in the prior year, the business posted $7.33 EPS. The firm’s quarterly revenue was up 13.0% compared to the same quarter last year. KLA has set its Q2 2026 guidance at 7.920-9.480 EPS. Analysts expect that KLA will post 31.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

KLAC has been the topic of a number of recent research reports. Barclays upped their target price on KLA from $1,200.00 to $1,300.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Cantor Fitzgerald raised their price target on shares of KLA from $1,170.00 to $1,350.00 and gave the stock a “neutral” rating in a research note on Thursday, October 30th. Argus set a $1,400.00 price objective on shares of KLA in a research report on Friday, October 31st. JPMorgan Chase & Co. increased their target price on shares of KLA from $1,070.00 to $1,485.00 and gave the stock an “overweight” rating in a research note on Thursday, October 30th. Finally, UBS Group raised their price objective on shares of KLA from $1,135.00 to $1,260.00 and gave the company a “neutral” rating in a research note on Thursday, October 30th. Twelve research analysts have rated the stock with a Buy rating and fourteen have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1,237.16.

About KLA

KLA Corporation, together with its subsidiaries, engages in the design, manufacture, and marketing of process control, process-enabling, and yield management solutions for the semiconductor and related electronics industries worldwide. It operates through three segments: Semiconductor Process Control; Specialty Semiconductor Process; and PCB and Component Inspection.