5 Best Semiconductor Equipment Stocks to Invest In

4. KLA Corporation (NASDAQ:KLAC)

Number of Hedge Fund Holders: 55

KLA Corporation (NASDAQ:KLAC) develops and supplies process equipment, process control equipment, and more. KLA Corporation (NASDAQ:KLAC) is one of the best semiconductor equipment stocks to invest in.

On January 25, KLA Corporation (NASDAQ:KLAC) announced its second-quarter 2024 earnings result with a non-GAAP EPS of $6.16, topping the analysts’ estimates by $0.28. The company generated a revenue of $2.49 billion, which beat the estimates by $30 million.

On February 8, KLA Corporation (NASDAQ:KLAC) announced a quarterly dividend of $1.45, payable by March 1 to the shareholders of record on February 19. The stock’s dividend yield was 0.86% at the time of writing on February 23.

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