KLA Corp. [KLAC] stock prices are up 0.23% to $666.16 at the moment. 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 lost -0.61% over the last week, with a monthly amount drifted -13.72%, and not 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.
The stock price of KLA Corp. [KLAC] has been fluctuating between $452.01 and $896.32 over the past year. Currently, Wall Street analysts expect the stock to reach $593.06 within the next 12 months. KLA Corp. [NASDAQ: KLAC] shares were valued at $666.16 at the most recent close of the market. An investor can expect a potential drop of -10.97% based on the average KLAC price forecast.
Analyzing the KLAC fundamentals
The KLA Corp. [NASDAQ:KLAC] reported sales of 9.79B for trailing twelve months, representing a surge of 8.96%. 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 of1.98.
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 659.60 points at the first support level, and at 653.05 for the second support level. However, for the 1st resistance point, the stock is sitting at 678.55, and for the 2nd resistance point, it is at 690.95.
Ratios To Look Out For
It’s worth pointing out that KLA Corp. [NASDAQ:KLAC]’s Current Ratio is 2.09. Also, the Quick Ratio is 1.44, while the Cash Ratio stands at 0.42. Considering the valuation of this stock, the price to sales ratio is 9.11, the price to book ratio is 26.59 and price to earnings (TTM) ratio is 32.83.
Transactions by insiders
Recent insider trading involved Donzella Oreste, Officer, that happened on Oct 15 ’24 when 2837.0 shares were purchased. Officer, Donzella Oreste completed a deal on Sep 05 ’24 to buy 2071.0 shares. Meanwhile, President, Semi Proc. Control Khan Ahmad A. sold 9676.0 shares on Aug 19 ’24.
