A share price of KLA Corp. [KLAC] is currently trading at $705.87, down -1.66%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The KLAC shares have gain 4.18% over the last week, with a monthly amount glided 16.80%, and seem to be holding up well over a long-time horizon.
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On 14, February 2024, KLA Announces Upcoming Investor Webcast. In a post published today on Yahoo Finance, KLA Corporation (NASDAQ: KLAC) today announced the webcast for an upcoming investor conference:.
From an analyst’s perspective:
KLA Corp. [NASDAQ: KLAC] stock has seen the most recent analyst activity on January 29, 2024, when Susquehanna downgraded its rating to a Neutral and also boosted its price target to $675 from $640. Previously, TD Cowen reaffirmed its Market Perform rating on January 26, 2024, and elevated its price target to $650. On January 23, 2024, Cantor Fitzgerald initiated with a Neutral rating and assigned a price target of $625 on the stock. New Street started tracking the stock assigning a Buy rating and suggested a price target of $730 on December 18, 2023. Redburn Atlantic initiated its recommendation with a Neutral and recommended $550 as its price target on November 22, 2023. Raymond James started tracking with a Outperform rating for this stock on October 17, 2023, and assigned it a price target of $550. In a note dated September 15, 2023, Wolfe Research initiated an Outperform rating and provided a target price of $600 on this stock.
KLA Corp. experienced fluctuations in its stock price throughout the past year between $355.88 and $728.00. Currently, Wall Street analysts expect the stock to reach $423.75 within the next 12 months. KLA Corp. [NASDAQ: KLAC] shares were valued at $705.87 at the most recent close of the market. An investor can expect a potential drop of -39.97% based on the average KLAC price forecast.
Analyzing the KLAC fundamentals
Trailing Twelve Months sales for KLA Corp. [NASDAQ:KLAC] were 9.66B which represents -16.49% decline. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.37%, Pretax Profit Margin comes in at 0.32%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.93 and Total Capital is 0.37. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 697.05 points at the first support level, and at 688.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 715.46, and for the 2nd resistance point, it is at 725.04.
KLA Corp. [KLAC] reported earnings per share of $6.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $5.91/share, meaning a difference of $0.25 and a surprise factor of 4.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $5.74 per share as compared to estimates of $5.4 per share, a difference of $0.34 representing a surprise of 6.30%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for KLA Corp. [NASDAQ:KLAC] is 1.88. In addition, the Quick Ratio stands at 1.21 and the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 9.88, the price to book ratio is 31.37 and price to earnings (TTM) ratio is 35.85.
Transactions by insiders
Recent insider trading involved Wilkinson Mary Beth, EVP, CLO and Secretary, that happened on Nov 15 when 430.0 shares were sold. EVP, CLO and Secretary, Wilkinson Mary Beth completed a deal on Sep 22 to sell 3155.0 shares. Meanwhile, Director Hanley Jeneanne Michelle sold 500.0 shares on Sep 06.
