Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
KLA Corp. (NASDAQ: KLAC) closed the day trading at $633.64 up 0.87% from the previous closing price of $628.16. In other words, the price has increased by $0.87 from its previous closing price. On the day, 0.92 million shares were traded. KLAC stock price reached its highest trading level at $638.73 during the session, while it also had its lowest trading level at $625.35.
Ratios:
For a better understanding of KLAC, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 25.63 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.05. For the most recent quarter (mrq), Quick Ratio is recorded 1.21 and its Current Ratio is at 1.88. In the meantime, Its Debt-to-Equity ratio is 2.00 whereas as Long-Term Debt/Eq ratio is at 1.74.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Evercore ISI on April 16, 2024, initiated with a Outperform rating and assigned the stock a target price of $800.
Susquehanna Downgraded its Positive to Neutral on January 29, 2024, whereas the target price for the stock was revised from $640 to $675.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 26 ’24 when Higgins Bren D. sold 7,018 shares for $705.04 per share. The transaction valued at 4,947,971 led to the insider holds 32,375 shares of the business.
Donzella Oreste sold 3,257 shares of KLAC for $2,272,897 on Mar 25 ’24. The Executive Vice President now owns 16,922 shares after completing the transaction at $697.85 per share. On Nov 15 ’23, another insider, Wilkinson Mary Beth, who serves as the EVP, CLO and Secretary of the company, sold 430 shares for $550.00 each. As a result, the insider received 236,500 and left with 6,364 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KLAC now has a Market Capitalization of 85689671680 and an Enterprise Value of 88430657536. As of this moment, KLA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.18, and their Forward P/E ratio for the next fiscal year is 22.54. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 8.87 while its Price-to-Book (P/B) ratio in mrq is 28.16. Its current Enterprise Value per Revenue stands at 9.143 whereas that against EBITDA is 22.418.
Stock Price History:
The Beta on a monthly basis for KLAC is 1.35, which has changed by 0.771181 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, KLAC has reached a high of $729.15, while it has fallen to a 52-week low of $355.88. The 50-Day Moving Average of the stock is -7.14%, while the 200-Day Moving Average is calculated to be 13.71%.
Shares Statistics:
Over the past 3-months, KLAC traded about 970.01K shares per day on average, while over the past 10 days, KLAC traded about 886170 shares per day. A total of 136.75M shares are outstanding, with a floating share count of 135.02M. Insiders hold about 0.16% of the company’s shares, while institutions hold 89.00% stake in the company. Shares short for KLAC as of 1711584000 were 1977625 with a Short Ratio of 2.04, compared to 1709164800 on 2057244. Therefore, it implies a Short% of Shares Outstanding of 1977625 and a Short% of Float of 1.46.
Dividends & Splits
KLAC’s forward annual dividend rate is 5.50, up from 5.35 a year ago. The stock’s 5-year Average Dividend Yield is 1.4. The current Payout Ratio is 21.53% for KLAC, which recently paid a dividend on 2024-02-15 with an ex-dividend date of 1707955200. Stock splits for the company last occurred on 2000-01-19 when the company split stock in a 2:1 ratio.
Earnings Estimates
At present, 19 analysts are actively evaluating the performance of KLA Corp. (KLAC) in the stock market.On average, analysts expect EPS of $5.06 for the current quarter, with a high estimate of $5.52 and a low estimate of $4.83, while EPS last year was $5.49. The consensus estimate for the next quarter is $5.68, with high estimates of $5.99 and low estimates of $5.34.
Analysts are recommending an EPS of between $24.5 and $21.98 for the fiscal current year, implying an average EPS of $22.79. EPS for the following year is $27.71, with 21 analysts recommending between $31.41 and $25.4.
Revenue Estimates
A total of 24 analysts have provided revenue estimates for KLAC’s current fiscal year. The highest revenue estimate was $10.12B, while the lowest revenue estimate was $9.52B, resulting in an average revenue estimate of $9.66B. In the same quarter a year ago, actual revenue was $10.5B, down -7.90% from the average estimate. Based on 22 analysts’ estimates, the company’s revenue will be $11.01B in the next fiscal year. The high estimate is $12.18B and the low estimate is $10.47B. The average revenue growth estimate for next year is up 14.00% from the average revenue estimate for this year.
