KLA Corporation (KLAC) To Go Ex-Dividend on November 16th

KLA Corporation (NASDAQ:KLAC) announced a quarterly dividend on Thursday, November 5th. Investors of record on Monday, November 16th will be paid a dividend of $0.23 per share by the semiconductor company on Tuesday, December 1st. This represents a $0.92 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Monday, November 16th.

KLA has raised its dividend payment 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 payout ratio of 2.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect KLA to earn $7.01 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 13.1%.

KLA Stock Performance

NASDAQ KLAC opened at $138.49 on Friday. The stock has a 50-day simple moving average of $174.83 and a two-hundred day simple moving average of $181.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 1.86 and a current ratio of 2.76. The firm has a market capitalization of $180.45 billion, a P/E ratio of 34.62, a PEG ratio of 1.25 and a beta of 1.49. KLA has a fifty-two week low of $107.20 and a fifty-two week high of $307.37.

KLA (NASDAQ:KLAC) last announced its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $1.22 earnings per share for the quarter, beating analysts’ consensus estimates of $1.18 by $0.04. The firm had revenue of $4.14 billion during the quarter, compared to analysts’ expectations of $4.04 billion. KLA had a net margin of 36.25% and a return on equity of 89.30%. KLA’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the company earned $8.47 earnings per share. On average, equities analysts forecast that KLA will post 5.73 earnings per share for the current year.

Insider Transactions at KLA

In other KLA news, CEO Richard P. Wallace sold 87,568 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $198.95, for a total value of $17,421,653.60. Following the transaction, the chief executive officer directly owned 778,944 shares in the company, valued at approximately $154,970,908.80. This trade represents a 10.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Brian Lorig sold 59,586 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $208.13, for a total value of $12,401,634.18. Following the completion of the sale, the executive vice president owned 77,681 shares in the company, valued at $16,167,746.53. This represents a 43.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 219,173 shares of company stock worth $42,201,914. Company insiders own 79.39% of the company’s stock.

Institutional Investors Weigh In On KLA

A number of institutional investors have recently made changes to their positions in the business. Formuepleje A S lifted its position in shares of KLA by 1,125.5% during the 2nd quarter. Formuepleje A S now owns 30,062 shares of the semiconductor company’s stock worth $9,070,000 after buying an additional 27,609 shares during the last quarter. TOWER TRUST & INVESTMENT Co increased its holdings in shares of KLA by 829.7% in the second quarter. TOWER TRUST & INVESTMENT Co now owns 7,456 shares of the semiconductor company’s stock valued at $2,249,000 after purchasing an additional 6,654 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in KLA by 7.7% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 275,745 shares of the semiconductor company’s stock valued at $53,751,000 after buying an additional 19,700 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of KLA by 1,195.3% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 14,948 shares of the semiconductor company’s stock valued at $4,510,000 after purchasing an additional 13,794 shares in the last quarter. Finally, Colton Groome Financial Advisors LLC increased its position in KLA by 40.1% in the 3rd quarter. Colton Groome Financial Advisors LLC now owns 28,728 shares of the semiconductor company’s stock valued at $5,600,000 after buying an additional 8,225 shares in the last quarter. Hedge funds and other institutional investors own 86.65% of the company’s stock.

About KLA

KLA Corporation develops process-control and yield-management technologies used in the manufacture of semiconductors and other electronic products. Its systems help manufacturers detect defects, measure features and monitor production processes as they make increasingly complex devices.

The company’s products include inspection and metrology equipment, as well as software and related services. Its technologies support multiple stages of semiconductor production, from work on wafers and reticles to advanced packaging.