KLA Corp. (NASDAQ: KLAC) closed the day trading at $688.71 down -1.39% from the previous closing price of $698.40. In other words, the price has decreased by -$9.69 from its previous closing price. On the day, 1128857 shares were traded.
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 27.86 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 29.40. 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 the company, Susquehanna on January 29, 2024, Downgraded its rating to Neutral and sets its target price to $675 from $640 previously.
On January 26, 2024, TD Cowen reiterated its Market Perform rating and also lowered its target price recommendation from $525 to $650.
On January 23, 2024, Cantor Fitzgerald started tracking the stock assigning a Neutral rating and target price of $625.Cantor Fitzgerald initiated its Neutral rating on January 23, 2024, with a $625 target price.
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 Nov 15 ’23 when Wilkinson Mary Beth sold 430 shares for $550.00 per share. The transaction valued at 236,500 led to the insider holds 6,364 shares of the business.
Wilkinson Mary Beth sold 3,155 shares of KLAC for $1,424,514 on Sep 22 ’23. The EVP, CLO and Secretary now owns 6,794 shares after completing the transaction at $451.51 per share. On Sep 06 ’23, another insider, Hanley Jeneanne Michelle, who serves as the Director of the company, sold 500 shares for $508.97 each. As a result, the insider received 254,486 and left with 3,054 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 93.17B and an Enterprise Value of 95.91B. As of this moment, KLA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.98, and their Forward P/E ratio for the next fiscal year is 24.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.81. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.64 while its Price-to-Book (P/B) ratio in mrq is 30.61. Its current Enterprise Value per Revenue stands at 9.92 whereas that against EBITDA is 25.06.
Stock Price History:
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 630.47, while the 200-Day Moving Average is calculated to be 528.58.
Shares Statistics:
Over the past 3-months, KLAC traded about 970.97K shares per day on average, while over the past 10 days, KLAC traded about 1.03M shares per day. A total of 136.75M shares are outstanding, with a floating share count of 135.06M. Insiders hold about 0.13% of the company’s shares, while institutions hold 89.06% stake in the company. Shares short for KLAC as of Feb 29, 2024 were 2.06M with a Short Ratio of 2.12, compared to 1.42M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 1.52% and a Short% of Float of 1.52%.
Dividends & Splits
KLAC’s forward annual dividend rate is 5.50, up from 5.35 a year ago. Against a Trailing Annual Dividend Yield of 0.77%, it implies a Forward Annual Dividend Yield of 0.84%. The stock’s 5-year Average Dividend Yield is 1.43. The current Payout Ratio is 21.53% for KLAC, which recently paid a dividend on Mar 01, 2024 with an ex-dividend date of Feb 15, 2024. Stock splits for the company last occurred on Jan 19, 2000 when the company split stock in a 2:1 ratio.
