At the time of writing, KLA Corp [KLAC] stock is trading at $654.88, down -0.19%. 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 2.03% over the last week, with a monthly amount glided 6.58%, and 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 October 31, 2024, when Oppenheimer upgraded its rating to a Outperform and also boosted its price target to $850 from $750. Previously, TD Cowen reaffirmed its Hold rating on October 31, 2024, and dropped its price target to $725. On September 25, 2024, Oppenheimer initiated with a Perform rating. TD Cowen reiterated its Hold rating and increased its price target to $760 on July 25, 2024. Citigroup reiterated its recommendation of a Buy and raised its price target to $980 on July 15, 2024. Barclays upgraded its rating to Equal Weight for this stock on June 05, 2024, and upped its price target to $765. In a note dated May 13, 2024, Jefferies initiated an Buy rating and provided a target price of $820 on this stock.
For the past year, the stock price of KLA Corp fluctuated between $542.41 and $896.32. Currently, Wall Street analysts expect the stock to reach $822.5 within the next 12 months. KLA Corp [NASDAQ: KLAC] shares were valued at $654.88 at the most recent close of the market. An investor can expect a potential return of 25.6% based on the average KLAC price forecast.
Analyzing the KLAC fundamentals
According to KLA Corp [NASDAQ:KLAC], the company’s sales were 10.24B for trailing twelve months, which represents an 18.61% jump. Gross Profit Margin for this corporation currently stands at 0.6% with Operating Profit Margin at 0.39%, Pretax Profit Margin comes in at 0.33%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.91 and Total Capital is 0.37. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.86.
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 648.34 points at the first support level, and at 641.81 for the second support level. However, for the 1st resistance point, the stock is sitting at 665.16, and for the 2nd resistance point, it is at 675.44.
Ratios To Look Out For
It is important to note that KLA Corp [NASDAQ:KLAC] has a current ratio of 2.09. Further, the Quick Ratio stands at 1.44, while the Cash Ratio is 0.41. Considering the valuation of this stock, the price to sales ratio is 8.55, the price to book ratio is 24.62 and price to earnings (TTM) ratio is 29.91.
Transactions by insiders
Recent insider trading involved WALLACE RICHARD P, President and CEO, that happened on Nov 12 ’24 when 14306.0 shares were sold. Officer, WALLACE RICHARD P completed a deal on Nov 12 ’24 to buy 14306.0 shares. Meanwhile, Officer Donzella Oreste bought 2837.0 shares on Oct 15 ’24.
