The stock of KLA Corp. (KLAC) has seen a 4.14% increase in the past week, with a 0.32% gain in the past month, and a 25.99% flourish in the past quarter. The volatility ratio for the week is 2.07%, and the volatility levels for the past 30 days are at 2.39% for KLAC. The simple moving average for the last 20 days is 1.01% for KLAC stock, with a simple moving average of 27.29% for the last 200 days.
Is It Worth Investing in KLA Corp. (NASDAQ: KLAC) Right Now?
KLA Corp. (NASDAQ: KLAC) has a higher price-to-earnings ratio of 35.58x compared to its average ratio, The 36-month beta value for KLAC is at 1.34. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 2 rating it as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for KLAC is 135.04M, and currently, shorts hold a 1.46% of that float. The average trading volume for KLAC on April 12, 2024 was 972.34K shares.
KLAC) stock’s latest price update
KLA Corp. (NASDAQ: KLAC)’s stock price has increased by 1.96 compared to its previous closing price of 687.12. However, the company has seen a 4.14% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-05 that In the latest trading session, KLA (KLAC) closed at $682.84, marking a +1.5% move from the previous day.
Analysts’ Opinion of KLAC
Susquehanna, on the other hand, stated in their research note that they expect to see KLAC reach a price target of $675, previously predicting the price at $640. The rating they have provided for KLAC stocks is “Neutral” according to the report published on January 29th, 2024.
TD Cowen gave a rating of “Market Perform” to KLAC, setting the target price at $650 in the report published on January 26th of the current year.
KLAC Trading at 4.10% 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 -3.91% of loss for the given period.
Volatility was left at 2.39%, however, over the last 30 days, the volatility rate increased by 2.07%, as shares surge +1.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.68% upper at present.
During the last 5 trading sessions, KLAC rose by +4.14%, which changed the moving average for the period of 200-days by +52.79% in comparison to the 20-day moving average, which settled at $694.23. In addition, KLA Corp. saw 20.52% 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 10.25. 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
In conclusion, KLA Corp. (KLAC) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
