KLA Corporation (KLAC) To Go Ex-Dividend on May 18th

KLA Corporation (NASDAQ:KLAC) announced a quarterly dividend on Thursday, May 7th. Shareholders of record on Monday, May 18th will be paid a dividend of 2.30 per share by the semiconductor company on Tuesday, June 2nd. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Monday, May 18th. This is a 21.1% increase from KLA’s previous quarterly dividend of $1.90.

KLA has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 16 years. KLA has a payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect KLA to earn $49.77 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 15.3%.

KLA Price Performance

Shares of KLAC opened at $1,869.19 on Friday. The stock has a market cap of $244.17 billion, a PE ratio of 52.91, a price-to-earnings-growth ratio of 2.61 and a beta of 1.50. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.11 and a current ratio of 3.03. KLA has a fifty-two week low of $696.73 and a fifty-two week high of $1,939.36. The firm’s 50-day simple moving average is $1,602.80 and its two-hundred day simple moving average is $1,410.68.

KLA’s stock is going to split on the morning of Friday, June 12th. The 10-1 split was announced on Thursday, May 7th. The newly created shares will be distributed to shareholders after the closing bell on Thursday, June 11th.

KLA (NASDAQ:KLAC) last announced its quarterly earnings data on Wednesday, April 29th. The semiconductor company reported $9.40 earnings per share for the quarter, topping analysts’ consensus estimates of $9.17 by $0.23. The business had revenue of $3.42 billion for the quarter, compared to analysts’ expectations of $3.37 billion. KLA had a net margin of 35.66% and a return on equity of 91.89%. The business’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $8.41 earnings per share. KLA has set its Q4 2026 guidance at 8.870-10.870 EPS. Analysts anticipate that KLA will post 37.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KLAC. Monetary Management Group Inc. raised its position in KLA by 0.4% in the second quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock worth $3,380,000 after acquiring an additional 15 shares during the period. Tandem Wealth Advisors LLC raised its position in KLA by 1.6% in the second quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock worth $934,000 after acquiring an additional 16 shares during the period. WFA of San Diego LLC bought a new position in KLA in the second quarter worth approximately $90,000. Captrust Financial Advisors raised its position in KLA by 13.8% in the second quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock worth $4,584,000 after acquiring an additional 619 shares during the period. Finally, Kingswood Wealth Advisors LLC raised its position in KLA by 3.4% in the third quarter. Kingswood Wealth Advisors LLC now owns 271 shares of the semiconductor company’s stock worth $292,000 after acquiring an additional 9 shares during the period. Institutional investors own 86.65% of the company’s stock.

About KLA

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.