KLA Corp. (NASDAQ: KLAC) is 18.48% higher on its value in year-to-date trading and has touched a low of $355.88 and a high of $729.15 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The KLAC stock was last observed hovering at around $698.40 in the last trading session, with the day’s loss setting it -9.69%.
Currently trading at $688.71, the stock is 0.95% and 9.61% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.13 million and changing -1.39% at the moment leaves the stock 30.61% off its SMA200. KLAC registered 88.78% gain for a year compared to 6-month gain of 41.77%. The firm has a 50-day simple moving average (SMA 50) of $9.92 and a 200-day simple moving average (SMA200) of $25.06.
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The stock witnessed a 6.27% loss in the last 1 month and extending the period to 3 months gives it a 23.16%, and is -3.74% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.33% over the week and 2.32% over the month.
KLA Corp. (KLAC) has around 15000 employees, a market worth around $93.13B and $9.66B in sales. Current P/E ratio is 34.98 and Fwd P/E is 24.55. Profit margin for the company is 28.02%. Distance from 52-week low is 93.52% and -5.55% from its 52-week high. The company has generated returns on investments over the last 12 months (32.44%).
KLA Corp. quarterly earnings per share for the current quarter are estimated at $5.31 with sales reaching $2.31B over the same period.The EPS is expected to shrink by -9.89% this year, but quarterly earnings will post -8.10% year-over-year.
1,914 institutions hold shares in KLA Corp. (KLAC), with institutional investors hold 91.98% of the company’s shares. The shares outstanding are 136.75M, and float is at 135.06M with Short Float at 1.52%. Institutions hold 91.87% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 12.94 million shares valued at $6.28 billion. The investor’s holdings represent 9.49% of the KLAC Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 10.93 million shares valued at $5.3 billion to account for 8.02% of the shares outstanding. The other top investors are Primecap Management Company which holds 6.09 million shares representing 4.47% and valued at over $2.95 billion, while State Street Corporation holds 4.15% of the shares totaling 5.66 million with a market value of $2.75 billion.
KLA Corp. (KLAC) Insider Activity
The most recent transaction is an insider sale by Wilkinson Mary Beth, the company’s EVP, CLO and Secretary. SEC filings show that Wilkinson Mary Beth sold 430 shares of the company’s common stock on Nov 15 ’23 at a price of $550.00 per share for a total of $0.24 million. Following the sale, the insider now owns 6364.0 shares.
KLA Corp. disclosed in a document filed with the SEC on Sep 22 ’23 that Wilkinson Mary Beth (EVP, CLO and Secretary) sold a total of 3,155 shares of the company’s common stock. The trade occurred on Sep 22 ’23 and was made at $451.51 per share for $1.42 million. Following the transaction, the insider now directly holds 6794.0 shares of the KLAC stock.
Still, SEC filings show that on Sep 06 ’23, Hanley Jeneanne Michelle (Director) disposed off 500 shares at an average price of $508.97 for $0.25 million. The insider now directly holds 3,054 shares of KLA Corp. (KLAC).
