KLA Co. (KLAC) To Go Ex-Dividend on November 18th

KLA Co. (NASDAQ:KLAC) announced a quarterly dividend on Thursday, November 7th,RTT News reports. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Monday, November 18th. This is an increase from KLA’s previous quarterly dividend of $1.45.

KLA has increased its dividend payment 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. Research 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 Price Performance

Shares of KLAC opened at $687.41 on Friday. The business has a 50-day moving average of $731.06 and a 200-day moving average of $763.72. KLA has a 1 year low of $505.50 and a 1 year high of $896.32. The company has a market capitalization of $91.95 billion, a price-to-earnings ratio of 31.39, a price-to-earnings-growth ratio of 1.41 and a beta of 1.29. The company has a debt-to-equity ratio of 1.65, a current ratio of 2.13 and a quick ratio of 1.48.

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

Analyst Ratings Changes

A number of research analysts recently issued reports on KLAC shares. Needham & Company LLC reiterated a “hold” rating on shares of KLA in a research report on Thursday, October 31st. TD Cowen dropped their price objective on shares of KLA from $760.00 to $725.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. StockNews.com upgraded KLA from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft dropped their price target on KLA from $890.00 to $750.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, Stifel Nicolaus raised their price objective on KLA from $760.00 to $875.00 and gave the company a “buy” rating in a research note on Tuesday, July 16th. Eight investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $802.90.

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.