KLA Corp. (NASDAQ: KLAC) has a price-to-earnings ratio that is above its average at 34.18x. The stock has a 36-month beta value of 1.35. Opinions on the stock are mixed, with 4 analysts rating it as a “buy,” 2 as “overweight,” 7 as “hold,” and 1 as “sell.”
The public float for KLAC is 135.02M, and at present, short sellers hold a 1.41% of that float. On April 26, 2024, the average trading volume of KLAC was 963.73K shares.
KLAC) stock’s latest price update
KLA Corp. (NASDAQ: KLAC) has seen a rise in its stock price by 2.50 in relation to its previous close of 656.54. However, the company has experienced a 4.46% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-25 that Although the revenue and EPS for KLA (KLAC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
KLAC’s Market Performance
KLAC’s stock has risen by 4.46% in the past week, with a monthly drop of -2.25% and a quarterly rise of 4.87%. The volatility ratio for the week is 3.28% while the volatility levels for the last 30 days are 2.79% for KLA Corp. The simple moving average for the past 20 days is -0.68% for KLAC’s stock, with a 20.17% simple moving average for the past 200 days.
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 -1.44% 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 -7.71% of loss for the given period.
Volatility was left at 2.79%, however, over the last 30 days, the volatility rate increased by 3.28%, as shares sank -3.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.97% upper at present.
During the last 5 trading sessions, KLAC rose by +4.46%, which changed the moving average for the period of 200-days by +46.46% in comparison to the 20-day moving average, which settled at $676.36. In addition, KLA Corp. saw 15.77% 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 9.87. 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 sum up, KLA Corp. (KLAC) has seen a better performance recently. Analysts have differing views on the stock, with some seeing 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.
