KLA Co. (KLAC) To Go Ex-Dividend on February 24th

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 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date of this dividend is Monday, February 24th.

KLA has raised its dividend by an average of 15.8% annually over the last three years and has raised its dividend annually for the last 15 consecutive years. KLA has a dividend payout ratio of 20.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Down 3.0 %

KLAC stock opened at $754.30 on Friday. The company has a market cap of $100.24 billion, a PE ratio of 31.72, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. The business has a 50-day simple moving average of $708.55 and a 200 day simple moving average of $715.83. KLA has a 52 week low of $609.40 and a 52 week high of $896.32. The company has a quick ratio of 1.63, a current ratio of 2.36 and a debt-to-equity ratio of 1.64.

KLA (NASDAQ:KLAC) last posted its quarterly earnings results on Thursday, January 30th. The semiconductor company reported $8.20 EPS for the quarter, beating 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%. Sell-side analysts anticipate that KLA will post 31.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Needham & Company LLC boosted their price target on KLA from $800.00 to $830.00 and gave the company a “buy” rating in a research note on Friday, January 31st. UBS Group boosted their target price on KLA from $665.00 to $780.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 21st. Barclays boosted their target price on KLA from $700.00 to $760.00 and gave the stock an “equal weight” rating in a research note on Friday, January 31st. Deutsche Bank Aktiengesellschaft boosted their target price on KLA from $725.00 to $850.00 and gave the stock a “buy” rating in a research note on Friday, January 31st. Finally, Morgan Stanley boosted their target price on KLA from $703.00 to $748.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently 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.