KLA (NASDAQ:KLAC – Get Free Report) released its quarterly earnings results on Wednesday. The semiconductor company reported $6.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $6.15 by $0.45, Briefing.com reports. KLA had a net margin of 27.19% and a return on equity of 102.37%. The company had revenue of $2.57 billion for the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the firm earned $5.40 earnings per share. KLA’s revenue was up 9.1% on a year-over-year basis. KLA updated its Q1 guidance to $6.40-7.60 EPS and its Q1 2025 guidance to 6.400-7.600 EPS.
KLA Stock Up 0.9 %
NASDAQ:KLAC traded up $7.04 during mid-day trading on Thursday, reaching $762.81. The company’s stock had a trading volume of 1,822,552 shares, compared to its average volume of 906,318. The company has a quick ratio of 1.46, a current ratio of 2.14 and a debt-to-equity ratio of 1.90. The firm has a market capitalization of $102.70 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 3.19 and a beta of 1.27. The stock has a fifty day moving average of $808.68 and a 200-day moving average of $714.17. KLA has a 1 year low of $440.15 and a 1 year high of $896.32.
KLA Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th were paid a dividend of $1.45 per share. The ex-dividend date was Tuesday, May 14th. This represents a $5.80 annualized dividend and a dividend yield of 0.76%. KLA’s dividend payout ratio is currently 30.38%.
Wall Street Analyst Weigh In
Get Our Latest Stock Report on KLA
Insider Buying and Selling at KLA
In other news, EVP Brian Lorig sold 44 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $819.40, for a total transaction of $36,053.60. Following the transaction, the executive vice president now directly owns 14,211 shares in the company, valued at $11,644,493.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other KLA news, CFO Bren D. Higgins sold 1,019 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $788.58, for a total transaction of $803,563.02. Following the completion of the sale, the chief financial officer now directly owns 31,356 shares of the company’s stock, valued at $24,726,714.48. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Brian Lorig sold 44 shares of KLA stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $819.40, for a total transaction of $36,053.60. Following the completion of the transaction, the executive vice president now directly owns 14,211 shares in the company, valued at approximately $11,644,493.40. The disclosure for this sale can be found here. In the last quarter, insiders have sold 22,905 shares of company stock valued at $16,831,966. Company insiders own 0.12% of the company’s stock.
About KLA
KLA Corporation designs, manufactures, and markets 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, Display and Component Inspection.
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