How Have KLA Corporation (KLAC) Insiders Been Trading?


KLA Corporation (NASDAQ:KLAC) finished Friday with a subtraction of -$2.83 to close at $377.03, a downside of -0.75 percent. An average of 789,520 shares of common stock have been traded in the last five days. There was a gain of $3.18 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,281,430 shares traded, while the 50-day average volume stands at 1,532,366.

KLAC stock has decreased by -4.10% in the last month. The company shares reached their 1-month lowest point of $366.32 on 12/28/22. With the stock rallying to its 52-week high on 01/13/22, shares of the company touched a low of $250.20 and a high of $457.12 in 52 weeks. It has reached a new high 4 times so far this year and lost -12.34% or -$53.08 in price. In spite of this, the price is down -17.52% from the 52-week high.

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Insider Transactions

KLAC stock investors should be aware that KLA Corporation (KLAC) stock had its last reported insider trading activity 18 days ago on Dec 13. In this transaction, the insider spent $203,332. Executive Vice President, Lorig Brian, disposed of 3,127 shares at a price of $400.00 on Dec 09. The insider now owns more than $1,250,800 worth of shares. Prior to that, Executive Vice President Donzella Oreste went on to Sale 3,194 shares at $380.66 each on Dec 02. An amount of $1,215,828 was transacted.

Valuation Metrics

KLA Corporation (KLAC) has a trailing price-to-earnings (P/E) ratio of 17.03. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 5.37, the price-to-book (PB) ratio at 25.44, and the price-to-cash flow ratio at 21.39.

Financial Health

The quick ratio of KLA Corporation for the three months ended September 29 was 1.70, and the current ratio was 2.40, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 3.00 and a total debt to equity ratio of 0.00 for the quarter ending September 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 September 29, KLA Corporation had $6.31 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 $1.03 billion in the quarter, while revenues were shrunk -4.14%. The analyst consensus anticipated KLA Corporation’s latest quarter earnings to come in at $6.21 per share, but it turned out to be $7.06, a 13.70% surprise. For the quarter, EBITDA amounted to $1.21 billion. Shareholders own equity worth $141.72 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 30 December was 46.29%, suggesting the stock is Neutral, with historical volatility in this time frame at 40.51%.

As of today, KLAC’s price is $374.63 +0.85% or $3.18 from its 5-day moving average. KLAC is currently trading -3.51% lower than its 20-day SMA and +5.22% higher than its 100-day SMA. However, the stock’s current price level is +38.63% above the SMA50 and +7.44% above the SMA200.

The stochastic %K and %D were 16.08% and 12.68%, respectively, and the average true range (ATR) was 12.50. With the 14-day stochastic at 20.11% and the average true range at 12.61, the RSI (14) stands at 49.31%. The stock has reached -4.38 on the 9-day MACD Oscillator while the 14-day reading was at -10.82.

Analyst Ratings

Deutsche Bank downgraded KLA Corporation (NASDAQ: KLAC) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Buy.


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