KLA Corporation (NASDAQ:KLAC) finished Friday with an addition of $5.33 to close at $481.73, an upside of 1.12 percent. An average of 921,200 shares of common stock have been traded in the last five days. There was a gain of $3.77 in the past week, and it reached a new high 27 times over the past 12 months. The last 20 days have seen an average of 915,095 shares traded, while the 50-day average volume stands at 995,396.
KLAC stock has decreased by -0.13% in the last month. The company shares reached their 1-month lowest point of $453.00 on 07/26/23. With the stock rallying to its 52-week high on 08/01/23, shares of the company touched a low of $250.20 and a high of $517.30 in 52 weeks. It has reached a new high 22 times so far this year and achieved 27.77% or $104.70 in price. In spite of this, the price is down -6.88% 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 12 days ago on Aug 14. In this transaction, the insider spent $1,243,796. President and CEO, WALLACE RICHARD P, disposed of 35,000 shares at a price of $504.08 on Aug 07. The insider now owns more than $17,642,791 worth of shares. Prior to that, EVP & Chief Financial Officer Higgins Bren D. went on to Sale 3,061 shares at $500.00 each on Aug 07. An amount of $1,530,500 was transacted.
Valuation Metrics
KLA Corporation (KLAC) has a trailing price-to-earnings (P/E) ratio of 19.99. The stock’s beta is 1.36. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 6.21, the price-to-book (PB) ratio at 22.58, and the price-to-cash flow ratio at 19.58.
The company has a payout ratio of 21.50%. The company’s most recent quarterly dividend payment was $1.30 a share, without any change from 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 1.50, and the current ratio was 2.20, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.02 and a total debt to equity ratio of 2.02 for the quarter ending June 29. Its gross profit as reported stood at $6.28 billion compared to revenue of $10.5 billion.
Earnings Surprise
For the three-month period that ended June 29, KLA Corporation had $5.89 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $684.65 million in the quarter, while revenues of $697.84 million were shrunk -17.63%. The analyst consensus anticipated KLA Corporation’s latest quarter earnings to come in at $4.85 per share, but it turned out to be $5.4, a 11.30% surprise. For the quarter, EBITDA amounted to $929.03 million. Shareholders own equity worth $136.72 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 25 August was 47.51%, suggesting the stock is Neutral, with historical volatility in this time frame at 29.83%.
As of today, KLAC’s price is $485.98 +0.79% or $3.77 from its 5-day moving average. KLAC is currently trading -5.73% lower than its 20-day SMA and +20.74% higher than its 100-day SMA. However, the stock’s current price level is +0.25% above the SMA50 and +42.87% above the SMA200.
The stochastic %K and %D were 39.85% and 46.56%, respectively, and the average true range (ATR) was 14.77. With the 14-day stochastic at 33.83% and the average true range at 14.50, the RSI (14) stands at 49.18%. The stock has reached 2.11 on the 9-day MACD Oscillator while the 14-day reading was at -1.39.
Analyst Ratings
KeyBanc Capital Markets downgraded KLA Corporation (NASDAQ: KLAC) to a a Sector weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight. The consensus rating for KLA Corporation (KLAC) among analysts is Overweight. According to current brokerage recommendations, 1 brokerage firm advise that investors sell KLAC, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 11 others rate it as a “buy”.
What is KLAC’s price target for the next 12 months?
Analysts predict a range of price targets between $425.00 and $600.00, with a median target of $541.00. Taking a look at these predictions, the average price target given by analysts for KLA Corporation (KLAC) stock is $539.12.
