
KLA (NASDAQ:KLAC) Board of Directors Declares Stock Buyback Program

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KLA (NASDAQ:KLAC) has authorized a $7 billion stock buyback program, allowing the semiconductor company to repurchase up to 3.7% of its shares. This decision indicates the board's belief that the shares are undervalued. The company also recently declared a quarterly dividend of $1.90, reflecting a 21% increase. KLA's stock has seen fluctuations, with a recent trading price of $1,409.57, down 3.8%. Analysts have given KLA a consensus rating of "Moderate Buy" with a target price of $1,601.04.
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