KLA Corp. (NASDAQ: KLAC) has a higher price-to-earnings ratio of 36.22x compared to its average ratio. KLAC has 36-month beta value of 1.34. Analysts have mixed views on the stock, with 4 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for KLAC is 135.06M, and currently, short sellers hold a 1.52% ratio of that float. The average trading volume of KLAC on March 22, 2024 was 968.30K shares.
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KLAC) stock’s latest price update
KLA Corp. (NASDAQ: KLAC) has seen a rise in its stock price by 2.47 in relation to its previous close of 695.95. However, the company has experienced a 3.00% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-03-18 that The latest trading day saw KLA (KLAC) settling at $690.70, representing a +0.99% change from its previous close.
KLAC’s Market Performance
KLA Corp. (KLAC) has seen a 3.00% rise in stock performance for the week, with a 9.39% gain in the past month and a 23.36% surge in the past quarter. The volatility ratio for the week is 2.52%, and the volatility levels for the past 30 days are at 2.28% for KLAC. The simple moving average for the last 20 days is 2.87% for KLAC stock, with a simple moving average of 33.44% for the last 200 days.
Analysts’ Opinion of KLAC
Many brokerage firms have already submitted their reports for KLAC stocks, with Susquehanna repeating the rating for KLAC by listing it as a “Neutral.” The predicted price for KLAC in the upcoming period, according to Susquehanna is $675 based on the research report published on January 29, 2024 of the current year 2024.
TD Cowen, on the other hand, stated in their research note that they expect to see KLAC reach a price target of $650, previously predicting the price at $525. The rating they have provided for KLAC stocks is “Market Perform” according to the report published on January 26th, 2024.
Cantor Fitzgerald gave a rating of “Neutral” to KLAC, setting the target price at $625 in the report published on January 23rd of the current year.
KLAC Trading at 10.73% from the 50-Day Moving Average
After a stumble in the market that brought KLAC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -2.20% of loss for the given period.
Volatility was left at 2.28%, however, over the last 30 days, the volatility rate increased by 2.52%, as shares surge +4.29% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.18% upper at present.
During the last 5 trading sessions, KLAC rose by +3.00%, which changed the moving average for the period of 200-days by +55.69% in comparison to the 20-day moving average, which settled at $694.71. In addition, KLA Corp. saw 22.68% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at KLAC starting from Wilkinson Mary Beth, who sale 430 shares at the price of $550.00 back on Nov 15 ’23. After this action, Wilkinson Mary Beth now owns 6,364 shares of KLA Corp., valued at $236,500 using the latest closing price.
Wilkinson Mary Beth, the EVP, CLO and Secretary of KLA Corp., sale 3,155 shares at $451.51 during a trade that took place back on Sep 22 ’23, which means that Wilkinson Mary Beth is holding 6,794 shares at $1,424,514 based on the most recent closing price.
Stock Fundamentals for KLAC
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 0.6 for the gross margin
The net margin for KLA Corp. stands at 0.28. The total capital return value is set at 0.37. Equity return is now at value 95.85, with 19.32 for asset returns.
Based on KLA Corp. (KLAC), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at 0.57. The debt to equity ratio resting at 2.0. The interest coverage ratio of the stock is 11.97.
Currently, EBITDA for the company is 4.2 billion with net debt to EBITDA at 1.12. When we switch over and look at the enterprise to sales, we see a ratio of 10.43. The receivables turnover for the company is 4.97for trailing twelve months and the total asset turnover is 0.68. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.88.
Conclusion
To put it simply, KLA Corp. (KLAC) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
