In the past week, KLAC stock has gone down by -4.10%, with a monthly decline of -4.59% and a quarterly surge of 17.15%. The volatility ratio for the week is 2.89%, and the volatility levels for the last 30 days are 2.60% for KLA Corp. The simple moving average for the last 20 days is -4.98% for KLAC’s stock, with a simple moving average of 18.79% for the last 200 days.
Is It Worth Investing in KLA Corp. (NASDAQ: KLAC) Right Now?
The price-to-earnings ratio for KLA Corp. (NASDAQ: KLAC) is 33.47x, which is above its average ratio. Moreover, the 36-month beta value for KLAC is 1.33. 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 1.46% of that float. On April 18, 2024, KLAC’s average trading volume was 976.29K shares.
KLAC) stock’s latest price update
KLA Corp. (NASDAQ: KLAC) has experienced a decline in its stock price by -4.95 compared to its previous closing price of 693.31. However, the company has seen a fall of -4.10% in its stock price over the last five trading days. Seeking Alpha reported 2024-04-11 that Semiconductor stocks have stalled since reaching an all-time high in March, but are still outperforming the S&P 500 year over year. I have a buy rating on KLAC as I see the stock with a low-enough valuation and positive technical indicators ahead of its earnings report on April 26. With healthy margins and EPS growth ahead, I highlight key price levels to monitor on the chart.
Analysts’ Opinion of KLAC
Many brokerage firms have already submitted their reports for KLAC stocks, with Evercore ISI repeating the rating for KLAC by listing it as a “Outperform.” The predicted price for KLAC in the upcoming period, according to Evercore ISI is $800 based on the research report published on April 16, 2024 of the current year 2024.
Deutsche Bank, on the other hand, stated in their research note that they expect to see KLAC reach a price target of $800. The rating they have provided for KLAC stocks is “Buy” according to the report published on April 11th, 2024.
Susquehanna gave a rating of “Neutral” to KLAC, setting the target price at $675 in the report published on January 29th of the current year.
KLAC Trading at -3.13% 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 -9.62% of loss for the given period.
Volatility was left at 2.60%, however, over the last 30 days, the volatility rate increased by 2.89%, as shares sank -3.24% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +7.17% upper at present.
During the last 5 trading sessions, KLAC fell by -4.10%, which changed the moving average for the period of 200-days by +35.87% in comparison to the 20-day moving average, which settled at $692.41. In addition, KLA Corp. saw 13.36% 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 9.67. 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’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
