Is Wall Street High Or Low On KLA Corporation (KLAC)?


KLA Corporation (NASDAQ:KLAC) finished Wednesday with a subtraction of -$7.04 to close at $322.86, a downside of -2.13 percent. An average of 2,035,520 shares of common stock have been traded in the last five days. There was a fall of -$23.75 in the past week, and it reached a new high 16 times over the past 12 months. The last 20 days have seen an average of 1,683,515 shares traded, while the 50-day average volume stands at 1,498,526.

KLAC stock has decreased by -10.27% in the last month. The company shares reached their 1-month lowest point of $322.85 on 09/21/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $282.83 and a high of $457.12 in 52 weeks. It has reached a new high 4 times so far this year and lost -24.94% or -$107.25 in price. In spite of this, the price is down -29.37% from the 52-week high.

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Insider Transactions

21 days have passed since KLA Corporation (KLAC) last reported insider trading activity. Donzella Oreste, who is Executive Vice President, most recently acquired $2,417 shares at $334.86 per share on Sep 01. In this transaction, the insider spent $809,357. President, Semi Proc. Control, Khan Ahmad A., disposed of 3,868 shares at a price of $375.00 on Aug 25. The insider now owns more than $1,450,500 worth of shares. Prior to that, President, Semi Proc. Control Khan Ahmad A. went on to Sale 7,736 shares at $360.26 each on Aug 24. An amount of $2,786,971 was transacted.

Valuation Metrics

KLA Corporation (KLAC) has a trailing price-to-earnings (P/E) ratio of 14.74. The stock’s beta is 1.34. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.00, the price-to-book (PB) ratio at 34.17, and the price-to-cash flow ratio at 19.45.

The company has a payout ratio of 19.00%. The company’s most recent quarterly dividend payment was $1.30 a share, representing a up of 23.81% from $1.05 last year. Its latest increase dividend $0.25 reported on Thursday August 4 2022.

Financial Health

The quick ratio of KLA Corporation for the three months ended June 29 was 1.70, and the current ratio was 2.50, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 4.75 and a total debt to equity ratio of 4.75 for the quarter ending June 29. Its gross profit as reported stood at $5.62 billion compared to revenue of $9.21 billion.

Earnings Surprise

For the three-month period that ended June 29, KLA Corporation had $6.66 billion in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $805.37 million in the quarter, while revenues were grew 21.41%. The analyst consensus anticipated KLA Corporation’s latest quarter earnings to come in at $5.5 per share, but it turned out to be $5.81, a 5.60% surprise. For the quarter, EBITDA amounted to $1.08 billion. Shareholders own equity worth $141.8 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at KLA Corporation (KLAC) price momentum. RSI 9-day as of the close on 21 September was 30.69%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.35%.

As of today, KLAC’s price is $332.00 -6.85% or -$23.75 from its 5-day moving average. KLAC is currently trading -10.92% lower than its 20-day SMA and -2.98% lower than its 100-day SMA. However, the stock’s current price level is +2.89% above the SMA50 and -19.42% below the SMA200.

The stochastic %K and %D were 10.03% and 16.84%, respectively, and the average true range (ATR) was 11.68. With the 14-day stochastic at 0.03% and the average true range at 12.09, the RSI (14) stands at 36.18%. The stock has reached -11.34 on the 9-day MACD Oscillator while the 14-day reading was at -10.63.

Analyst Ratings

Goldman upgraded KLA Corporation (NASDAQ: KLAC) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral.


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