KLA Corporation (NASDAQ:KLAC) Declares Quarterly Dividend of $0.23

Key Points

• KLA declared a quarterly dividend of $0.23 per share, payable September 1 to shareholders of record on August 17. The dividend is unchanged from the prior quarter and represents a 0.5% annualized yield.
• KLA has raised its dividend for 16 consecutive years, with a low 2.8% payout ratio. Based on expected earnings, analysts project the annual dividend will remain well covered.
• The company exceeded quarterly expectations, reporting $1.05 in adjusted EPS and $3.66 billion in revenue, up 15.2% year over year. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $223.70.

KLA Corporation (NASDAQ:KLAC - Get Free Report) declared a quarterly dividend on Thursday, August 6th. Shareholders of record on Monday, August 17th will be given a dividend of 0.23 per share by the semiconductor company on Tuesday, September 1st. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, August 17th. This is a 0.0% increase from KLA's previous quarterly dividend of $0.23.

KLA has increased its dividend by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 16 years. KLA has a dividend payout ratio of 2.8% meaning its dividend is sufficiently covered by earnings. Analysts expect KLA to earn $6.54 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 14.1%.

KLA Trading Up 0.2%

KLAC opened at $193.22 on Friday. KLA has a 52 week low of $83.22 and a 52 week high of $307.37. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 0.93. The business has a fifty day simple moving average of $223.51 and a 200-day simple moving average of $182.95. The firm has a market cap of $252.40 billion, a P/E ratio of 52.69, a P/E/G ratio of 1.48 and a beta of 1.45.

KLA (NASDAQ:KLAC - Get Free Report) last announced its earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 EPS for the quarter, beating analysts' consensus estimates of $1.00 by $0.05. The company had revenue of $3.66 billion during the quarter, compared to analysts' expectations of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%.KLA's revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, equities analysts expect that KLA will post 5.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

KLAC has been the subject of several research reports. Barclays restated an "overweight" rating and issued a $225.00 price target on shares of KLA in a research note on Monday, July 20th. JPMorgan Chase & Co. lifted their price objective on KLA from $200.00 to $238.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Jefferies Financial Group restated a "buy" rating and set a $210.00 target price (up from $200.00) on shares of KLA in a research note on Wednesday, July 29th. TD Cowen reiterated a "buy" rating and set a $260.00 price target (up from $200.00) on shares of KLA in a report on Thursday, July 9th. Finally, Rothschild & Co Redburn boosted their price target on shares of KLA from $140.00 to $186.50 and gave the stock a "neutral" rating in a report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, nineteen have given a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $223.70.

KLA Company Profile

KLA is a provider of process control and yield management solutions for the semiconductor and related microelectronics industries. The company designs and manufactures equipment, software and services used by chipmakers to analyze and control manufacturing processes, detect defects, measure critical dimensions and improve yield across wafer fabrication, photomask and packaging operations. KLA's offerings are aimed at enabling production of advanced logic, memory, and specialty devices at progressively smaller technology nodes and more complex package structures.

Its product portfolio includes optical and e-beam inspection systems, metrology tools for critical dimension and film measurement, mask and reticle inspection platforms, as well as enterprise software and data analytics that aggregate process data and drive automated process control.

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