KLA Corp. [KLAC] stock is trading at $823.07, up 8.46%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The KLAC shares have gain 8.90% over the last week, with a monthly amount drifted -0.57%, 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 July 25, 2024, when TD Cowen reiterated its Hold rating and also boosted its price target to $760 from $700. Previously, Citigroup reaffirmed its Buy rating on July 15, 2024, and elevated its price target to $980. On June 05, 2024, upgrade upgraded it’s rating to Equal Weight and revised its price target to $765 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $820 on May 13, 2024. TD Cowen reiterated its recommendation of a Hold and raised its price target to $700 on April 26, 2024. Evercore ISI started tracking with a Outperform rating for this stock on April 16, 2024, and assigned it a price target of $800.
KLA Corp. [KLAC] stock has fluctuated between $440.15 and $896.32 over the past year. Currently, Wall Street analysts expect the stock to reach $590.28 within the next 12 months. KLA Corp. [NASDAQ: KLAC] shares were valued at $823.07 at the most recent close of the market. An investor can expect a potential drop of -28.28% based on the average KLAC price forecast.
Analyzing the KLAC fundamentals
KLA Corp. [NASDAQ:KLAC] reported sales of 9.80B for the trailing twelve months, which represents a growth of 9.06%. Gross Profit Margin for this corporation currently stands at 0.61% with Operating Profit Margin at 0.38%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.28%. To continue investigating profitability, this company’s Return on Assets is posted at 0.18, Equity is 0.88 and Total Capital is 0.35. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.97.
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 800.02 points at the first support level, and at 776.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 836.42, and for the 2nd resistance point, it is at 849.76.
Ratios To Look Out For
For context, KLA Corp.’s Current Ratio is 2.15. Further, the Quick Ratio stands at 1.50, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 11.31, the price to book ratio is 35.83 and price to earnings (TTM) ratio is 40.56.
Transactions by insiders
Recent insider trading involved Kirloskar Virendra A, SVP & Chief Accounting Officer, that happened on Jul 02 ’24 when 44.0 shares were sold. Executive Vice President, Lorig Brian completed a deal on Jul 02 ’24 to sell 44.0 shares. Meanwhile, EVP & Chief Financial Officer Higgins Bren D. sold 1019.0 shares on May 23 ’24.
