Semiconductor equipment firm KLA approves its sixth forward stock split, aiming to enhance share accessibility and liquidity.
KLA Corp. will execute a 10-for-1 forward stock split effective June 11, reducing its share price from $1,869.19 to approximately $187. The move marks the company’s sixth split since going public and its first since January 2000.
The decision follows recent stock splits by Booking Holdings and Carvana, reflecting broader market trends. KLA’s CFO stated the split aligns with the company’s long-term capital allocation strategy while improving share accessibility.
KLA shares have surged over 51,000% in 32 years, driven by growth in semiconductor demand and AI-related investments.