In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
In the latest session, KLA Corp. (NASDAQ: KLAC) closed at $644.22 down -2.24% from its previous closing price of $658.98. In other words, the price has decreased by -$2.24 from its previous closing price. On the day, 0.9 million shares were traded. KLAC stock price reached its highest trading level at $658.4099 during the session, while it also had its lowest trading level at $642.02.
Ratios:
For a deeper understanding of KLA Corp.’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 26.06 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 27.50. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 87120445440 and an Enterprise Value of 89861431296. As of this moment, KLA’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.72, and their Forward P/E ratio for the next fiscal year is 22.92. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 5.43. For the stock, the TTM Price-to-Sale (P/S) ratio is 9.02 while its Price-to-Book (P/B) ratio in mrq is 28.63. Its current Enterprise Value per Revenue stands at 9.291 whereas that against EBITDA is 22.781.
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 -5.42%, while the 200-Day Moving Average is calculated to be 15.95%.
Shares Statistics:
For the past three months, KLAC has traded an average of 983.46K shares per day and 817400 over the past ten days. A total of 136.75M shares are outstanding, with a floating share count of 135.04M. Insiders hold about 0.14% 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 2.01, 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
According to the company, the forward annual dividend rate for KLAC is 5.50, from 5.35 in the trailing year. The stock’s 5-year Average Dividend Yield is 1.4.
Earnings Estimates
The stock of KLA Corp. (KLAC) is currently being evaluated by Lithium Americas Corp. analysts who are actively contributing to its market rating.The consensus estimate for the next quarter is $644.22, with high estimates of $10.50 and low estimates of $46.09.
Analysts are recommending an EPS of between $Financial Services and $Technology for the fiscal current year, implying an average EPS of $Technology.
