The price-to-earnings ratio for KLA Corp. (NASDAQ: KLAC) is 34.17x, which is above its average ratio. Moreover, the 36-month beta value for KLAC is 1.34. Analysts have varying opinions 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 135.04M and currently, short sellers hold a 1.48% of that float. On April 05, 2024, KLAC’s average trading volume was 984.73K shares.
KLAC) stock’s latest price update
KLA Corp. (NASDAQ: KLAC)’s stock price has plunge by -3.55relation to previous closing price of 697.53. Nevertheless, the company has seen a -3.46% plunge 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 -3.46% fall in stock performance for the week, with a -4.69% decline in the past month and a 21.74% surge in the past quarter. The volatility ratio for the week is 2.90%, and the volatility levels for the past 30 days are at 2.46% for KLAC. The simple moving average for the last 20 days is -3.64% for KLAC stock, with a simple moving average of 23.48% 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 0.95% 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 -7.74% of loss for the given period.
Volatility was left at 2.46%, however, over the last 30 days, the volatility rate increased by 2.90%, as shares sank -5.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.63% upper at present.
During the last 5 trading sessions, KLAC fell by -3.46%, which changed the moving average for the period of 200-days by +44.71% in comparison to the 20-day moving average, which settled at $696.06. In addition, KLA Corp. saw 15.73% 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 Higgins Bren D., who sale 7,018 shares at the price of $705.04 back on Mar 26 ’24. After this action, Higgins Bren D. now owns 32,375 shares of KLA Corp., valued at $4,947,971 using the latest closing price.
Donzella Oreste, the Executive Vice President of KLA Corp., sale 3,257 shares at $697.85 during a trade that took place back on Mar 25 ’24, which means that Donzella Oreste is holding 16,922 shares at $2,272,897 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 9.86. 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 wrap up, the performance of KLA Corp. (KLAC) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
