A share price of KLA Corp. [KLAC] is currently trading at $700.61, up 1.96%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The KLAC shares have gain 4.14% over the last week, with a monthly amount glided 0.32%, and seem to be holding up well over a long-time horizon.
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On 4, April 2024, KLA Announces Third Quarter Fiscal Year 2024 Earnings Date. In a post published today on Yahoo Finance, KLA Corporation (NASDAQ: KLAC) today announced that the company will review third quarter fiscal year 2024 earnings on Thursday, April 25, 2024 at 3 p.m. PT. The company’s results will be published on the same day after the stock market closes, as well as supplemental disclosures including a shareholder letter and earnings slide presentation.
From an analyst’s perspective:
Previously, Susquehanna downgraded its rating to Neutral on January 29, 2024, and elevated its price target to $675. On January 26, 2024, TD Cowen reiterated its Market Perform rating and revised its price target to $650 on the stock. Cantor Fitzgerald started tracking the stock assigning a Neutral rating and suggested a price target of $625 on January 23, 2024. New Street initiated its recommendation with a Buy and recommended $730 as its price target on December 18, 2023. Redburn Atlantic started tracking with a Neutral rating for this stock on November 22, 2023, and assigned it a price target of $550. In a note dated October 17, 2023, Raymond James initiated an Outperform rating and provided a target price of $550 on this stock.
KLA Corp. experienced fluctuations in its stock price throughout the past year between $355.88 and $729.15. Currently, Wall Street analysts expect the stock to reach $470 within the next 12 months. KLA Corp. [NASDAQ: KLAC] shares were valued at $700.61 at the most recent close of the market. An investor can expect a potential drop of -32.92% 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 691.76 points at the first support level, and at 682.92 for the second support level. However, for the 1st resistance point, the stock is sitting at 705.54, and for the 2nd resistance point, it is at 710.47.
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. Also, the Quick Ratio is 1.21, while the Cash Ratio stands at 0.36. Considering the valuation of this stock, the price to sales ratio is 9.81, the price to book ratio is 31.13 and price to earnings (TTM) ratio is 35.58.
Transactions by insiders
Recent insider trading involved Higgins Bren D., EVP & Chief Financial Officer, that happened on Mar 26 ’24 when 7018.0 shares were sold. Executive Vice President, Donzella Oreste completed a deal on Mar 25 ’24 to sell 3257.0 shares. Meanwhile, EVP, CLO and Secretary Wilkinson Mary Beth sold 430.0 shares on Nov 15 ’23.
