As of Friday close, KLA Corporation’s (NASDAQ:KLAC) stock was up $5.01, moving up 1.06 percent to $477.96. The average number of shares traded per day over the past five days has been 855,060 shares. 1 time new highs have been achieved over the past 5 days, with a -$1.02 fall in that time frame. In the last twenty days, the average volume was 1,002,175, while in the previous 50 days, it was 1,000,812.
Since last month, KLAC stock rose 6.19%. Shares of the company fell to $448.98 on 07/20/23, the lowest level in the past month. A 52-week high of $517.30 was reached on 08/01/23 after having rallying from a 52-week low of $250.20. Since the beginning of this year, KLAC’s stock price has risen by 26.77% or $100.93, and marked a new high 22 times. However, the stock has declined by -7.60% since its 52-week high.
KLAC stock investors should be aware that KLA Corporation (KLAC) stock had its last reported insider trading activity 5 days ago on Aug 14. Kirloskar Virendra A, the SVP & Chief Accounting Officer of the company, disposed of 2,621 shares for $474.55 on Aug 14. It resulted in a $1,243,796 divestment by the insider. WALLACE RICHARD P sold 35,000 shares at an average price of $504.08 on Aug 07. The insider now owns 124,045 shares following the transaction. On Aug 07, EVP & Chief Financial Officer Higgins Bren D. sold 3,061 shares at $500.00 apiece. The transaction was valued at $1,530,500.
Valuation Metrics
Right now, KLA Corporation (KLAC) has a P/E ratio of about 19.84. The stock’s beta is 1.36. Besides these, the trailing price-to-sales (P/S) ratio of 6.45, the price-to-book (PB) ratio of 22.41, and the price-to-cash flow ratio of 20.34 may also be considered.
The latest dividend of $1.30 per share was paid out, remained unchanged from last year’s $1.30. On Thursday August 4 2022, a $0.25 dividend increase was announced.
Financial Health
In the three months ended June 29, KLA Corporation’s quick ratio stood at 1.50, while its current ratio was 2.20, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 2.02, and the total debt-to-equity ratio was 2.02. On the profitability front, the trailing twelve-month gross margin is 61.60% percent. In the year ended June 29, operating margins totaled 37.90%. Based on annual data, KLAC earned $6.28 billion in gross profit and brought in $10.5 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 40.60%. Return on equity (ROE) for the past 12 months was 131.40%.
In KLA Corporation’s quarter-end financial report for June 29, it reported total debt of $5.89 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. KLAC’s revenue fell -5.59% to $2.43 billion during the quarter, while net income inched up to $2.36 billion. While analysts expected KLA Corporation to report $4.85 quarterly earnings, the actual figure was $5.4 per share, beating the consensus estimate by 11.30%. During the quarter, the company generated $929.03 million in EBITDA. The liabilities of KLA Corporation were 11.15 billion at the end of its most recent quarter ended June 29, and its total debt was $6.06 billion. The value of shareholders’ equity is $136.72 million.
Technical Picture
This quick technical analysis looks at KLA Corporation’s (KLAC) price momentum. With a historical volatility rate of 26.24%, the RSI 9-day stood at 44.37% on 18 August.
With respect to its five-day moving average, the current KLA Corporation price is down by -0.21% percent or -$1.02. At present, KLAC shares trade +4.23% above its 20-day simple moving average and +27.79% percent above its 100-day simple moving average. However, the stock is currently trading approximately +3.06% above its SMA50 and +51.04% above its SMA200.
Stochastic coefficient K was 7.54% and Stochastic coefficient D was 14.39%, while ATR was 13.48. Given the Stochastic reading of 19.99% for the 14-day period, the RSI (14) reading has been calculated as 47.79%. As of today, the MACD Oscillator reading stands at -10.33, while the 14-day reading stands at -16.94.
Analyst Ratings
KLA Corporation downgraded its rating on KLA Corporation (NASDAQ: KLAC) to a Sector weight in a note to investors on July 07, 2023. The analysts firm previously had an Overweight rating on the stock.KLA Corporation (KLAC) has been rated Overweight by analysts. According to 1 brokerage firm, KLAC is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate KLA Corporation stock as buy, with 11 recommending it as overweight.
With a median target price of $541.00, the current consensus forecast for the stock is $425.00 – $600.00. Based on these forecasts, analysts predict KLA Corporation (KLAC) will achieve an average price target of $539.12.
