KLA Corporation Announces Quarterly Dividend of $1.90 (NASDAQ:KLAC)

Key Points

• KLA Corporation has announced a quarterly dividend of $1.90 per share, which will be paid on September 3rd to investors of record as of August 18th.
• The company's dividend payout ratio stands at 22.9%, indicating strong earnings coverage, with projected earnings of $32.09 per share for next year supporting continued dividends.
• KLA's stock has seen significant movements, trading at $912.06 per share recently, and reporting a net margin of 33.41% along with a return on equity of 112.41%.

KLA Corporation (NASDAQ:KLAC - Get Free Report) announced a quarterly dividend on Thursday, August 7th, RTT News reports. Investors of record on Monday, August 18th will be paid a dividend of 1.90 per share by the semiconductor company on Wednesday, September 3rd. This represents a c) annualized dividend and a dividend yield of 0.8%.

KLA has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KLA to earn $32.09 per share next year, which means the company should continue to be able to cover its $7.60 annual dividend with an expected future payout ratio of 23.7%.

KLA Price Performance

Shares of NASDAQ KLAC traded up $23.78 during midday trading on Thursday, hitting $912.06. The company had a trading volume of 717,169 shares, compared to its average volume of 1,166,475. The company has a quick ratio of 1.83, a current ratio of 2.62 and a debt-to-equity ratio of 1.25. KLA has a twelve month low of $551.33 and a twelve month high of $945.87. The business has a 50-day simple moving average of $880.13 and a two-hundred day simple moving average of $771.20. The firm has a market capitalization of $120.61 billion, a price-to-earnings ratio of 30.01, a price-to-earnings-growth ratio of 3.01 and a beta of 1.44.

KLA (NASDAQ:KLAC - Get Free Report) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $9.38 earnings per share for the quarter, beating the consensus estimate of $8.53 by $0.85. KLA had a net margin of 33.41% and a return on equity of 112.41%. The firm had revenue of $3.17 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the firm posted $6.60 EPS. The firm's revenue for the quarter was up 23.6% on a year-over-year basis. Equities research analysts anticipate that KLA will post 31.59 earnings per share for the current year.

Insider Buying and Selling

In other KLA news, CFO Bren D. Higgins sold 1,019 shares of KLA stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of $766.46, for a total transaction of $781,022.74. Following the transaction, the chief financial officer directly owned 27,779 shares of the company's stock, valued at $21,291,492.34. The trade was a 3.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Virendra A. Kirloskar sold 39 shares of the business's stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $891.50, for a total transaction of $34,768.50. Following the transaction, the chief accounting officer directly owned 2,616 shares in the company, valued at approximately $2,332,164. The trade was a 1.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.12% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KLAC. Federated Hermes Inc. lifted its position in shares of KLA by 344.5% during the fourth quarter. Federated Hermes Inc. now owns 32,051 shares of the semiconductor company's stock worth $20,196,000 after purchasing an additional 24,840 shares in the last quarter. FIL Ltd increased its stake in shares of KLA by 340.7% in the fourth quarter. FIL Ltd now owns 67,978 shares of the semiconductor company's stock worth $42,834,000 after buying an additional 52,554 shares during the last quarter. APG Asset Management N.V. increased its stake in shares of KLA by 396.5% in the fourth quarter. APG Asset Management N.V. now owns 89,396 shares of the semiconductor company's stock worth $54,399,000 after buying an additional 71,391 shares during the last quarter. DRW Securities LLC increased its stake in shares of KLA by 13.4% in the fourth quarter. DRW Securities LLC now owns 769 shares of the semiconductor company's stock worth $484,000 after buying an additional 91 shares during the last quarter. Finally, Evexia Wealth LLC increased its stake in shares of KLA by 3.5% in the fourth quarter. Evexia Wealth LLC now owns 16,823 shares of the semiconductor company's stock worth $10,601,000 after buying an additional 563 shares during the last quarter. 86.65% of the stock is owned by institutional investors and hedge funds.

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.

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