KLA Corp. (NASDAQ: KLAC) is 41.14% higher on its value in year-to-date trading and has touched a low of $440.15 and a high of $896.32 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 $819.57 in the last trading session, with the day’s gains setting it 0.88%.
Currently trading at $820.45, the stock is 6.87% and 2.11% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.96 million and changing 0.11% at the moment leaves the stock 20.85% off its SMA200. KLAC registered 73.47% gain for a year compared to 6-month gain of 24.06%.
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The stock witnessed a 7.59% loss in the last 1 month and extending the period to 3 months gives it a 9.73%, and is 8.30% up 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 3.69% over the week and 5.17% over the month.
KLA Corp. (KLAC) has around 15230 employees, a market worth around $110.29B and $9.79B in sales. Current P/E ratio is 40.43 and Fwd P/E is 24.17. Profit margin for the company is 28.20%. Distance from 52-week low is 86.40% and -8.46% from its 52-week high. The company has generated returns on investments over the last 12 months (29.38%).
The EPS is expected to grow by 25.83% this year.
KLA Corp. (KLAC) Top Institutional Holders
2103.0 institutions hold shares in KLA Corp. (KLAC), with institutional investors hold 92.45% of the company’s shares. The shares outstanding are 134.43M, and float is at 134.09M with Short Float at 1.50%. Institutions hold 92.34% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.11 million shares valued at $$9.16 billion. The investor’s holdings represent 9.7161 of the KLAC Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 11.37 million shares valued at $$7.94 billion to account for 8.4245 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.8 million shares representing 4.3013 and valued at over $$4.06 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 4.2865 of the shares totaling 5.78 million with a market value of $$4.04 billion.
KLA Corp. (KLAC) Insider Activity
KLA Corp. disclosed in a document filed with the SEC on Aug 07 ’24 that Lorig Brian (Executive Vice President) sold a total of 2,038 shares of the company’s common stock. The trade occurred on Aug 07 ’24 and was made at $740.63 per share for $1.51 million. Following the transaction, the insider now directly holds 14664.0 shares of the KLAC stock.
Still, SEC filings show that on Aug 07 ’24, Higgins Bren D. (EVP & Chief Financial Officer) disposed off 5,361 shares at an average price of $740.63 for $3.97 million. The insider now directly holds 35,806 shares of KLA Corp. (KLAC).
