KLA Corp. [KLAC] stock prices are down -0.34% to $678.49 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The KLAC shares have lost -1.78% over the last week, with a monthly amount drifted -2.00%, and not seem to be holding up well over a long-time horizon.
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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.
The stock price of KLA Corp. [KLAC] has been fluctuating between $355.88 and $729.15 over the past year. Currently, Wall Street analysts expect the stock to reach $489.41 within the next 12 months. KLA Corp. [NASDAQ: KLAC] shares were valued at $678.49 at the most recent close of the market. An investor can expect a potential drop of -27.87% based on the average KLAC price forecast.
Analyzing the KLAC fundamentals
The KLA Corp. [NASDAQ:KLAC] reported sales of 9.66B for trailing twelve months, representing a drop of -16.49%. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.0.
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 667.78 points at the first support level, and at 657.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 693.95, and for the 2nd resistance point, it is at 709.41.
Ratios To Look Out For
It’s worth pointing out that KLA Corp. [NASDAQ:KLAC]’s Current Ratio is 1.88. As well, the Quick Ratio is 1.21, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 9.50, the price to book ratio is 30.15 and price to earnings (TTM) ratio is 34.46.
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.
