KLA Stock Scheduled to Split on Friday, June 12th (NASDAQ:KLAC)

Shares of KLA Corporation (NASDAQ:KLAC) are scheduled to split before the market opens on Friday, June 12th. The 10-1 split was announced on Thursday, May 7th. The newly created shares will be issued to shareholders after the closing bell on Thursday, June 11th.

KLA Price Performance

Shares of NASDAQ KLAC opened at $2,011.39 on Wednesday. The business’s 50 day moving average is $1,703.45 and its 200-day moving average is $1,470.92. KLA has a 1-year low of $740.44 and a 1-year high of $2,022.81. The company has a current ratio of 3.03, a quick ratio of 2.11 and a debt-to-equity ratio of 1.01. The firm has a market cap of $262.75 billion, a P/E ratio of 56.93, a price-to-earnings-growth ratio of 2.80 and a beta of 1.50.

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

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Monday, May 18th will be paid a dividend of $2.30 per share. This is a boost from KLA’s previous quarterly dividend of $1.90. The ex-dividend date is Monday, May 18th. This represents a $9.20 dividend on an annualized basis and a yield of 0.5%. KLA’s dividend payout ratio is 26.04%.

KLA declared that its board has approved a share buyback program on Thursday, March 12th that authorizes the company to buyback $7.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 3.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of research firms have commented on KLAC. Needham & Company LLC raised their price objective on KLA from $1,800.00 to $2,000.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Argus raised their price objective on KLA from $1,750.00 to $1,950.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Barclays raised their price objective on KLA from $1,595.00 to $1,700.00 and gave the stock an “overweight” rating in a research note on Friday, January 30th. Stifel Nicolaus raised their price objective on KLA from $1,700.00 to $1,910.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $1,750.00 price objective on shares of KLA in a research note on Thursday, April 30th. Twenty investment analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $1,842.19.

Insider Activity

In other news, CEO Richard P. Wallace sold 4,512 shares of KLA stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of $1,794.00, for a total value of $8,094,528.00. Following the transaction, the chief executive officer owned 75,895 shares in the company, valued at approximately $136,155,630. This trade represents a 5.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 91.48% of the company’s stock.

Hedge Funds Weigh In On KLA

Several hedge funds and other institutional investors have recently modified their holdings of KLAC. Monetary Management Group Inc. increased its stake in shares of KLA by 0.4% in the 2nd quarter. Monetary Management Group Inc. now owns 3,773 shares of the semiconductor company’s stock valued at $3,380,000 after purchasing an additional 15 shares during the last quarter. Tandem Wealth Advisors LLC increased its stake in shares of KLA by 1.6% in the 2nd quarter. Tandem Wealth Advisors LLC now owns 1,043 shares of the semiconductor company’s stock valued at $934,000 after purchasing an additional 16 shares during the last quarter. WFA of San Diego LLC bought a new position in shares of KLA in the 2nd quarter valued at $90,000. Captrust Financial Advisors increased its stake in shares of KLA by 13.8% in the 2nd quarter. Captrust Financial Advisors now owns 5,118 shares of the semiconductor company’s stock valued at $4,584,000 after purchasing an additional 619 shares during the last quarter. Finally, Valeo Financial Advisors LLC increased its stake in shares of KLA by 2.2% in the 3rd quarter. Valeo Financial Advisors LLC now owns 1,251 shares of the semiconductor company’s stock valued at $1,350,000 after purchasing an additional 27 shares during the last quarter. 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.