The stock of KLA Corporation (NASDAQ:KLAC) increased by increased by $7.52 on Friday to finish at $343.03, up 2.24 percent. The last five days have seen an average of 1,125,460 shares of common stock traded. 18 times new highs were reached in the current year, with a gain of $84.12. The average number of shares traded over the last 20 days was 958,290, while the average volume over the last 50 days totaled 964,458.
KLAC stock dropped -7.53% since last month. On 10/12/21, the company’s shares reached a one-month low of $317.99. The stock touched a high of $374.60 on 09/17/21, after rallying from a low of $190.21 in 52 weeks. The price of KLAC stock has risen by 32.49% or $84.12 this year, reaching a new high 18 times. Still, the stock price is down -8.43% from the 52-week high.
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There have been 33 days since KLA Corporation (KLAC) last reported insider trading activity on Sep 22. On Sep 22, EVP, CLO and Secretary Wilkinson Mary Beth sold 3,505 shares at $359.13 each. This transaction resulted in the insider making $1,258,751. On Sep 09, Higgins Bren D. sold 6,617 shares at a price of US$335.92. After the transaction, the insider now owns 6,827 shares. Executive Vice President Donzella Oreste had earlier sold 1,129 shares on Sep 08 for $341.16 a share. The transaction was completed for $385,170.
KLA Corporation (KLAC) has a trailing price-to-earnings (P/E) ratio of 25.63. This level actually compares favorably with the industry at large, as the PE for the Semiconductor Equipment & Materials industry stands at about 34.77. Further, its PE also compares favorably with the Technology sector’s trailing 12 months PE ratio, which comes in at 38.99 right now. The PE ratio of KLA Corporation has varied between 38.49 and 9.399 in the last five years. Beta for the stock is 1.19. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.37, the price-to-book (PB) ratio of 15.54, and the price-to-cash flow ratio of 36.58.
KLA Corporation’s dividend is $4.20 per share per year. With a dividend yield of 1.22%, KLAC has a payout ratio of 26.70%. On Sep. 1, the company paid $1.05 per share in dividends, an increase of 16.67% from $0.90 last year. A $0.15 dividend increase was reported on Thursday August 5 2021, making it the 12 consecutive year the dividend has increased. Over the last three years, dividends have increased by 54.87%.
For the three months ended June 29, KLA Corporation’s quick ratio was 2.00, while its current ratio was 2.70, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.01, and the total debt to equity ratio is 1.02. As far as profitability goes, gross margin for the trailing twelve months is 60.50% percent. KLA Corporation’s EBITDA margin for the year ended June 29 was 40.95%, whereas its operating margin stood at 36.00% for the same period. Based on annual data, it had gross profit of $4.15 billion and revenue of $6.92 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. KLAC’s return on assets (ROA) during the last 12 months has been 21.10%. There was a 32.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 68.30%. ROE has averaged -0.25 in the past year for the broader industry.
According to KLA Corporation’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.93 billion, while revenues rose by 24.2% to $1.8 billion. It was predicted that KLA Corporation’s quarterly earnings would be $4.43, but it ended up being $3.99, beating the consensus by 11.00%. EBITDA was $804.43 million for the quarter. At the end of KLA Corporation’s most recent quarter ended June 29, its liabilities totaled 6.9 billion, while its total debt was $3.55 billion. Equity owned by shareholders amounts to $152.74 million.
Here’s a quick look at KLA Corporation’s (KLAC) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 63.18%, suggesting the stock is Neutral, with a 22.13% historical volatility rate.
The stochastic %K and %D were 74.27% and 65.67% respectively, while the average true range (ATR) was 9.99. Based on the 14-day stochastic reading of 62.71%, the RSI (14) reading is 56.15%. On the 9-day MACD Oscillator, the stock is at 6.82, and the 14-day reading is at 7.31.
In its analyst report released on October 15, 2021, Piper Sandler began covering KLA Corporation (NASDAQ: KLAC). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned KLA Corporation (KLAC) an Overweight rating. KLAC is a stock that is recommended for selling by 0 brokerage firms, while 9 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 11 others recommend it as a buy.
What is KLAC’s price target for the next 12 months?
The current consensus forecast for the stock is between $325.00 and $475.00, with a median target price of $391.00. In analyzing these forecasts, the average price target given by analysts for KLA Corporation (KLAC) is $394.78.