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

KLA Co. (NASDAQ:KLAC) declared a quarterly dividend on Thursday, November 7th,RTT News reports. Investors of record on Monday, November 18th will be given a dividend of 1.70 per share by the semiconductor company on Tuesday, December 3rd. This represents a $6.80 annualized dividend and a yield of 0.99%. This is a boost from KLA’s previous quarterly dividend of $1.45.

KLA has raised its dividend by an average of 15.2% annually over the last three years and has increased its dividend every year for the last 14 years. KLA has a dividend payout ratio of 18.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect KLA to earn $32.29 per share next year, which means the company should continue to be able to cover its $5.80 annual dividend with an expected future payout ratio of 18.0%.

KLA Stock Performance

NASDAQ KLAC traded up $16.49 during trading hours on Thursday, hitting $686.15. 1,030,000 shares of the stock were exchanged, compared to its average volume of 950,325. KLA has a 12-month low of $504.66 and a 12-month high of $896.32. The company has a quick ratio of 1.48, a current ratio of 2.13 and a debt-to-equity ratio of 1.65. The company has a market cap of $91.78 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29. The stock has a 50-day moving average of $735.90 and a 200 day moving average of $763.89.

KLA (NASDAQ:KLAC) last issued its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $7.33 earnings per share for the quarter, topping analysts’ consensus estimates of $7.03 by $0.30. KLA had a net margin of 28.92% and a return on equity of 105.16%. The business had revenue of $2.84 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period last year, the company posted $5.74 EPS. The company’s revenue was up 18.5% on a year-over-year basis. As a group, equities research analysts forecast that KLA will post 30.91 earnings per share for the current year.

Analysts Set New Price Targets

KLAC has been the topic of a number of analyst reports. Barclays decreased their target price on shares of KLA from $800.00 to $750.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 31st. Cantor Fitzgerald reiterated a “neutral” rating and issued a $925.00 price target on shares of KLA in a report on Tuesday, October 8th. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a report on Thursday, October 31st. UBS Group decreased their price target on shares of KLA from $900.00 to $765.00 and set a “neutral” rating on the stock in a report on Thursday, September 12th. Finally, JPMorgan Chase & Co. lifted their price target on shares of KLA from $800.00 to $950.00 and gave the company an “overweight” rating in a report on Thursday, July 25th. Eight equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $802.90.

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.