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

KLA Co. (NASDAQ:KLAC) announced a quarterly dividend on Thursday, February 13th,RTT News reports. Shareholders 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 dividend on an annualized basis and a yield of 0.89%.

KLA has increased 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% meaning 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 Stock Performance

KLAC opened at $764.28 on Friday. The company has a market capitalization of $101.57 billion, a price-to-earnings ratio of 32.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.28. The company has a debt-to-equity ratio of 1.64, a current ratio of 2.36 and a quick ratio of 1.63. KLA has a 1-year low of $609.40 and a 1-year high of $896.32. The business has a 50 day moving average price of $692.63 and a two-hundred day moving average price of $715.14.

KLA (NASDAQ:KLAC) last posted 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%. Research analysts predict that KLA will post 31.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Wells Fargo & Company upped their price target on KLA from $795.00 to $870.00 and gave the company an “overweight” rating in a report on Friday, January 31st. Susquehanna boosted their target price on shares of KLA from $620.00 to $655.00 and gave the company a “neutral” rating in a research note on Wednesday, January 22nd. Needham & Company LLC boosted their target price on shares of KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of KLA from $725.00 to $850.00 and gave the company a “buy” rating in a research note on Friday, January 31st. Finally, Oppenheimer raised shares of KLA from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $750.00 to $850.00 in a research note on Thursday, October 31st. Seven research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $831.68.

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.