What happened An encouraging fiscal Q4 report from KLA Corporation (NASDAQ: KLAC) released on Thursday is driving shares of the semiconductor technology name higher by 7.9% on Friday. So what Not every name in the business is being crimped by the current microchip shortage, or, for that matter, the lingering fallout from the COVID-19 pandemic. Revenue of $1.93 billion for the quarter ending in June was 32% higher than the year-ago numbers, while per-share earnings of $4.43 had grown 62% from the $2.73 reported for the fiscal fourth quarter of last year, when the contagion was first starting to spread worldwide. Analysts were modeling a profit of only $3.99 per share on sales of $1.87 billion. Image source: Getty Images. For the quarter currently underway, the company is forecasting revenue of between $1.92 billion and $2.12 billion and operating earnings of somewhere between $4.01 and $4.89. The analyst community is modeling an average of $1.92 billion and $4.13, respectively, the former of which would be a 29% improvement. Now what It's a breath of fresh air in a sea of bad news for the chip sector. Indeed, it's possible KLA is benefiting from a tight supply as customers scramble for any sort of solution to their technological component challenges. This company's persistent growth, however, is still only half the story for prospective buyers. Just as compelling is KLA's board of directors' decision to up its present quarterly dividend payout by 17% while it also expands the organization's stock buyback program by $2 billion. Factor in the stock's mediocre performance since April -- it's roughly even with its April peak despite Friday's rally -- and shares are worth a shot for growth-seeking technology investors. 10 stocks we like better than KLA-TencorWhen our award-winning analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* They just revealed what they believe are the ten best stocks for investors to buy right now... and KLA-Tencor wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of June 7, 2021 James Brumley has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source