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

KLA Co. (NASDAQ:KLAC) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Stockholders of record on Monday, February 24th will be given a dividend of 1.70 per share by the semiconductor company on Tuesday, March 4th. This represents a $6.80 annualized dividend and a dividend yield of 0.89%.

KLA has raised its dividend payment by an average of 15.8% per year over the last three years and has raised its dividend annually for the last 15 consecutive years. KLA has a payout ratio of 20.8% indicating that its dividend is sufficiently covered by earnings. 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 KLA stock opened at $764.28 on Friday. KLA has a twelve month low of $609.40 and a twelve month high of $896.32. The stock has a market capitalization of $101.57 billion, a P/E ratio of 32.14, a PEG ratio of 1.54 and a beta of 1.28. The company has a current ratio of 2.36, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64. The business’s fifty day moving average price is $692.63 and its 200 day moving average price is $715.14.

KLA (NASDAQ:KLAC) last announced its earnings results on Thursday, January 30th. The semiconductor company reported $8.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $7.73 by $0.47. KLA had a return on equity of 108.60% and a net margin of 29.58%. As a group, research analysts anticipate that KLA will post 31.59 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on KLAC shares. Cantor Fitzgerald lifted their target price on KLA from $800.00 to $875.00 and gave the stock a “neutral” rating in a research report on Friday, January 31st. Wells Fargo & Company boosted their price objective on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their price objective on KLA from $725.00 to $850.00 and gave the company a “buy” rating in a report on Friday, January 31st. Needham & Company LLC boosted their price objective on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a report on Friday, January 31st. Finally, TD Cowen lowered their price objective on KLA from $760.00 to $725.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target 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.