A share price of KLA Corp. [KLAC] is currently trading at $770.34, up 1.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The KLAC shares have gain 4.16% over the last week, with a monthly amount drifted -5.81%, 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. experienced fluctuations in its stock price throughout the past year between $440.15 and $896.32. Currently, Wall Street analysts expect the stock to reach $590.28 within the next 12 months. KLA Corp. [NASDAQ: KLAC] shares were valued at $770.34 at the most recent close of the market. An investor can expect a potential drop of -23.37% based on the average KLAC price forecast.
Analyzing the KLAC fundamentals
Trailing Twelve Months sales for KLA Corp. [NASDAQ:KLAC] were 9.79B which represents 8.96% growth. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.98.
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 756.46 points at the first support level, and at 742.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 779.95, and for the 2nd resistance point, it is at 789.57.
Ratios To Look Out For
To put it in perspective, the Current Ratio for KLA Corp. [NASDAQ:KLAC] is 2.09. On the other hand, the Quick Ratio is 1.44, and the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 10.57, the price to book ratio is 30.74 and price to earnings (TTM) ratio is 37.96.
Transactions by insiders
Recent insider trading involved Donzella Oreste, Officer, that happened on Sep 05 ’24 when 2071.0 shares were purchased. President, Semi Proc. Control, Khan Ahmad A. completed a deal on Aug 19 ’24 to sell 9676.0 shares. Meanwhile, Officer Khan Ahmad A. bought 9676.0 shares on Aug 19 ’24.
