A share price of KLA Corp. [KLAC] is currently trading at $829.65, up 3.22%. 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 6.14% over the last week, with a monthly amount glided 10.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, TD Cowen reaffirmed its Hold rating on July 25, 2024, and elevated its price target to $760. On July 15, 2024, Citigroup reiterated its Buy rating and revised its price target to $980 on the stock. Barclays upgraded its rating to a Equal Weight and increased its price target to $765 on June 05, 2024. Jefferies initiated its recommendation with a Buy and recommended $820 as its price target on May 13, 2024. TD Cowen reiterated a Hold rating for this stock on April 26, 2024, and upped its price target to $700. In a note dated April 16, 2024, Evercore ISI initiated an Outperform rating and provided a target price of $800 on this stock.
KLA Corp. experienced fluctuations in its stock price throughout the past year between $452.01 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 $829.65 at the most recent close of the market. An investor can expect a potential drop of -28.85% 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 815.01 points at the first support level, and at 800.38 for the second support level. However, for the 1st resistance point, the stock is sitting at 838.64, and for the 2nd resistance point, it is at 847.63.
Ratios To Look Out For
To put it in perspective, the Current Ratio for KLA Corp. [NASDAQ:KLAC] is 2.09. Further, the Quick Ratio stands at 1.44, while the Cash Ratio is 0.42. Considering the valuation of this stock, the price to sales ratio is 11.35, the price to book ratio is 33.11 and price to earnings (TTM) ratio is 40.89.
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.
