KLA Co. (NASDAQ:KLAC) Announces $1.70 Quarterly Dividend

KLA Co. (NASDAQ:KLAC) declared a quarterly dividend on Thursday, February 13th, RTT News reports. Shareholders of record on Monday, February 24th will be paid a dividend of 1.70 per share by the semiconductor company on Tuesday, March 4th. This represents a $6.80 annualized dividend and a yield of 0.90%. The ex-dividend date is Monday, February 24th.

KLA has raised its dividend payment by an average of 15.8% annually over the last three years and has raised its dividend every year for the last 15 years. KLA has a dividend payout ratio of 20.8% 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 $6.80 annual dividend with an expected future payout ratio of 21.2%.

KLA Price Performance

Shares of KLAC opened at $754.30 on Friday. KLA has a 52-week low of $609.40 and a 52-week high of $896.32. The company has a debt-to-equity ratio of 1.64, a quick ratio of 1.63 and a current ratio of 2.36. The business’s 50 day moving average price is $708.55 and its two-hundred day moving average price is $715.83. The firm has a market cap of $100.24 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28.

KLA (NASDAQ:KLAC) last issued its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. On average, equities analysts anticipate that KLA will post 31.59 EPS for the current year.

Analyst Ratings Changes

KLAC has been the topic of several recent analyst reports. Susquehanna boosted their price target on KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. TD Cowen lowered their target price on KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. StockNews.com lowered KLA from a “buy” rating to a “hold” rating in a research report on Wednesday, November 27th. UBS Group upped their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus increased their price target on KLA from $800.00 to $825.00 and gave the company a “buy” rating in a research report on Friday, January 31st. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $831.68.

KLA Company Profile

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.