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After finishing at $867.18 in the prior trading day, KLA Corp. (NASDAQ: KLAC) closed at $781.75, down -9.85%. In other words, the price has decreased by -$9.85 from its previous closing price. On the day, 1.68 million shares were traded. KLAC stock price reached its highest trading level at $824.45 during the session, while it also had its lowest trading level at $779.49.
Ratios:
Our goal is to gain a better understanding of KLAC by taking a closer look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 24.51 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 34.18. For the most recent quarter (mrq), Quick Ratio is recorded 1.41 and its Current Ratio is at 2.08. In the meantime, Its Debt-to-Equity ratio is 2.20 whereas as Long-Term Debt/Eq ratio is at 1.95.
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, Citigroup on July 15, 2024, Reiterated its Buy rating but revised its target price to $980 from $760 previously.
On June 05, 2024, Barclays Upgraded its rating to Equal Weight which previously was Underweight and also upped its target price recommendation from $630 to $765.
On May 13, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $820.Jefferies initiated its Buy rating on May 13, 2024, with a $820 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 Jul 02 ’24 when Kirloskar Virendra A sold 44 shares for $819.40 per share. The transaction valued at 36,054 led to the insider holds 3,700 shares of the business.
Lorig Brian sold 44 shares of KLAC for $36,054 on Jul 02 ’24. The Executive Vice President now owns 14,211 shares after completing the transaction at $819.40 per share. On May 23 ’24, another insider, Higgins Bren D., who serves as the EVP & Chief Financial Officer of the company, sold 1,019 shares for $788.58 each. As a result, the insider received 803,563 and left with 31,356 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 116776255488 and an Enterprise Value of 107784167424. As of this moment, KLA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.96, and their Forward P/E ratio for the next fiscal year is 27.24. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 6.80. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.98 while its Price-to-Book (P/B) ratio in mrq is 34.03. Its current Enterprise Value per Revenue stands at 11.229 whereas that against EBITDA is 27.742.
Stock Price History:
The Beta on a monthly basis for KLAC is 1.26, which has changed by 0.73654747 over the last 52 weeks, in comparison to a change of 0.23228896 over the same period for the S&P500. Over the past 52 weeks, KLAC has reached a high of $896.32, while it has fallen to a 52-week low of $440.15. The 50-Day Moving Average of the stock is -1.54%, while the 200-Day Moving Average is calculated to be 21.33%.
Shares Statistics:
The stock has traded on average 788.87K shares per day over the past 3-months and 671471 shares per day over the last 10 days, according to various share statistics. A total of 136.75M shares are outstanding, with a floating share count of 134.46M. Insiders hold about 0.13% of the company’s shares, while institutions hold 90.28% stake in the company. Shares short for KLAC as of 1719532800 were 2721145 with a Short Ratio of 3.45, compared to 1717113600 on 2969798. Therefore, it implies a Short% of Shares Outstanding of 2721145 and a Short% of Float of 2.02.
Dividends & Splits
In the trailing 12 months, KLAC’s forward annual dividend rate was 5.5, compared to 5.65 this year. Against a Trailing Annual Dividend Yield of 0.006342397The stock’s 5-year Average Dividend Yield is 1.31. The current Payout Ratio is 21.53% for KLAC, which recently paid a dividend on 2024-05-14 with an ex-dividend date of 1715644800. Stock splits for the company last occurred on 2000-01-19 when the company split stock in a 2:1 ratio.
