KLA Corp. [KLAC] stock is trading at $672.95, up 2.50%. 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 4.46% over the last week, with a monthly amount drifted -2.25%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
KLA Corp. [NASDAQ: KLAC] stock has seen the most recent analyst activity on April 16, 2024, when Evercore ISI initiated its Outperform rating and assigned the stock a price target of $800. On January 29, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $675 on the stock. TD Cowen reiterated its Market Perform rating and increased its price target to $650 on January 26, 2024. Cantor Fitzgerald initiated its recommendation with a Neutral and recommended $625 as its price target on January 23, 2024. New Street started tracking with a Buy rating for this stock on December 18, 2023, and assigned it a price target of $730. In a note dated November 22, 2023, Redburn Atlantic initiated an Neutral rating and provided a target price of $550 on this stock.
KLA Corp. [KLAC] stock has fluctuated between $355.88 and $729.15 over the past year. Currently, Wall Street analysts expect the stock to reach $504.41 within the next 12 months. KLA Corp. [NASDAQ: KLAC] shares were valued at $672.95 at the most recent close of the market. An investor can expect a potential drop of -25.04% based on the average KLAC price forecast.
Analyzing the KLAC fundamentals
KLA Corp. [NASDAQ:KLAC] reported sales of 9.66B for the trailing twelve months, which represents a drop of -16.49%. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.36%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.27%. To continue investigating profitability, this company’s Return on Assets is posted at 0.17, Equity is 0.87 and Total Capital is 0.33. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.14.
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 656.07 points at the first support level, and at 639.18 for the second support level. However, for the 1st resistance point, the stock is sitting at 683.78, and for the 2nd resistance point, it is at 694.60.
KLA Corp. [KLAC] reported earnings per share of $6.16 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
For context, KLA Corp.’s Current Ratio is 1.88. Also, the Quick Ratio is 1.21, while the Cash Ratio stands at 0.41. Considering the valuation of this stock, the price to sales ratio is 9.42, the price to book ratio is 29.91 and price to earnings (TTM) ratio is 34.18.
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.
