Kla Corp Stock Price, News & Analysis

KLA Corporation announced an accelerated share repurchase agreement worth $3.0 billion with Goldman Sachs and Citibank. This transaction is part of KLA's previously announced share repurchase programs, with approximately $3.233 billion remaining in authorization. KLA will initially receive around 6,549,000 shares as part of the buyback, with final settlement expected by December 31, 2022. This move aims to enhance shareholder value and reduce the total share count, potentially impacting earnings per share positively.

KLA Corporation (NASDAQ: KLAC) announced on June 21, 2022, a firm commitment underwriting agreement to sell $1 billion of 4.650% Senior Notes due 2032, $1.2 billion of 4.950% Senior Notes due 2052, and $800 million of 5.250% Senior Notes due 2062. The offering will settle on June 23, 2022, with net proceeds estimated at $2.96 billion. A portion will fund a concurrent tender offer for its 2024 Notes, while the remainder will be used to repurchase $3 billion in common stock following the offering's closing.

KLA Corporation (NASDAQ: KLAC) has initiated a cash Tender Offer to purchase up to $500,000,000 of its 4.650% Senior Notes due 2024. The offer will be funded through proceeds from a concurrent senior notes offering. KLA reserves the right to modify the Maximum Amount of the Tender Notes. The Tender Offer is open until July 19, 2022, with an early tender deadline on July 5, 2022. Holders may receive an early tender payment of $30.00 per $1,000 principal amount if tendered early. The offer aims to refinance a portion of KLA's debt.

KLA Corporation (NASDAQ: KLAC) has announced a new $6 billion share repurchase authorization, including an accelerated share repurchase of approximately $3 billion within the next 3-6 months. The company also raised its quarterly dividend by 24% to $1.30 per share, marking the 13th consecutive annual dividend increase. Additionally, KLA confirmed its revenue guidance for the June 2022 quarter, estimating between $2.3 billion and $2.55 billion, with non-GAAP diluted earnings per share projected between $4.93 and $6.03.

KLA Corporation (NASDAQ: KLAC) has declared a quarterly cash dividend of $1.05 per share on its common stock. The dividend is payable on June 1, 2022, to shareholders on record as of the close of business on May 16, 2022. This decision reinforces KLA's commitment to returning value to its shareholders while supporting its ongoing business operations in the electronics industry.

KLA Corporation (NASDAQ: KLAC) reported strong third-quarter results for fiscal year 2022, with total revenues of $2.29 billion, aligning with guidance expectations. GAAP diluted EPS was $4.83, while non-GAAP diluted EPS reached $5.13, both surpassing guidance midpoints. Net income attributable to KLA was $730.6 million. Operating cash flow was $818.9 million with $718.6 million in free cash flow. The company returned $723.7 million to shareholders through dividends and share repurchases. Guidance for Q4 projects revenues between $2.30 and $2.55 billion.

KLA Corporation (NASDAQ: KLAC) has launched Frontline Cloud Services, a groundbreaking software solution designed to enhance design-for-manufacturability (DFM) analysis for complex printed circuit boards (PCBs). This cloud-based offering can deliver up to 90% faster DFM analysis, significantly reducing production times from hours to minutes. As PCB designs become more intricate due to advancements like 5G and miniLED, this service addresses critical productivity bottlenecks in manufacturing. The solution also ensures high security standards and eliminates the need for extensive onboarding processes.

KLA Corporation (NASDAQ: KLAC) will announce its third quarter fiscal year 2022 earnings on April 28, 2022, at 2 p.m. PT. The earnings results will be published after market close, accompanied by a shareholder letter and an earnings presentation. These disclosures, along with a live earnings webcast, will be accessible via KLA's Investor Relations website. The company is known for its advanced equipment and services for the electronics industry, focusing on process control and enabling solutions for key manufacturing sectors.