KLA Stock Price Rises Following Announcement of $7 Billion Buyback Plan and Dividend Increase

2026-03-12 18:10:56

Investing.com – KLA Corporation (NASDAQ:KLAC) rose 1.3% on Thursday, defying the Nasdaq 100 index which fell 0.4%. Previously, the semiconductor equipment manufacturer announced a $7 billion share repurchase plan and increased its dividend by 21%.

The company approved this new buyback plan as an addition to its existing authorization. As of December 31, 2025, there is $3.944 billion remaining under the current authorization. KLA also raised its quarterly dividend from $1.90 to $2.30 per share, marking the 17th consecutive year of dividend increases.

These announcements were made during KLA’s Investor Day event in New York City on Thursday, where management outlined the company’s strategy and introduced new 2030 target models. The company reaffirmed its guidance for the fiscal quarter ending March 2026.

“KLA’s 2026 Investor Day comes at an exciting time, providing us with an opportunity to explain how KLA is uniquely positioned to continue benefiting from current growth trends in semiconductors and artificial intelligence,” said President and CEO Rick Wallace. “Today’s announcement of our 17th consecutive quarterly dividend increase, along with the new $7 billion share repurchase authorization, reinforces our confidence in the current business environment, KLA’s growing importance in semiconductor manufacturing, and our long-standing commitment to disciplined capital allocation.”

KLA Corporation also reaffirmed its guidance for the March quarter.

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