KLA Corp. (NASDAQ: KLAC) is 33.25% higher on its value in year-to-date trading and has touched a low of $448.31 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 $777.36 in the last trading session, with the day’s loss setting it -2.8%.
Currently trading at $774.56, the stock is 3.12% and 0.98% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.58 million and changing -0.36% at the moment leaves the stock 8.12% off its SMA200. KLAC registered 71.42% gain for a year compared to 6-month gain of 15.13%. The firm has a 50-day simple moving average (SMA 50) of $767.4112 and a 200-day simple moving average (SMA200) of $717.33527.
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The stock witnessed a 3.95% loss in the last 1 month and extending the period to 3 months gives it a -9.43%, and is -3.73% 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 3.79% over the week and 3.32% over the month.
KLA Corp. (KLAC) has around 15230 employees, a market worth around $103.78B and $9.79B in sales. Current P/E ratio is 38.17 and Fwd P/E is 23.10. Profit margin for the company is 28.20%. Distance from 52-week low is 72.77% and -13.58% from its 52-week high. The company has generated returns on investments over the last 12 months (29.38%).
KLA Corp. quarterly earnings per share for the current quarter are estimated at 7.05 with sales reaching $2.76B over the same period.The EPS is expected to grow by 25.66% this year, but quarterly earnings will post 16.90% year-over-year. Quarterly sales are estimated to grow 16.70% in year-over-year returns.
2106.0 institutions hold shares in KLA Corp. (KLAC), with institutional investors hold 92.64% of the company’s shares. The shares outstanding are 134.43M, and float is at 133.80M with Short Float at 1.83%. Institutions hold 92.53% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 13.3 million shares valued at $10.96 billion. The investor’s holdings represent 9.8529 of the KLAC Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 11.59 million shares valued at $9.55 billion to account for 8.587 of the shares outstanding. The other top investors are STATE STREET CORP which holds 5.83 million shares representing 4.3229 and valued at over $4.81 billion, while PRIMECAP MANAGEMENT CO/CA/ holds 4.0871 of the shares totaling 5.52 million with a market value of $4.55 billion.
KLA Corp. (KLAC) Insider Activity
KLA Corp. disclosed in a document filed with the SEC on Aug 19 ’24 that Khan Ahmad A. (President, Semi Proc. Control) sold a total of 9,676 shares of the company’s common stock. The trade occurred on Aug 19 ’24 and was made at $818.51 per share for $7.92 million. Following the transaction, the insider now directly holds 32176.0 shares of the KLAC stock.
Still, SEC filings show that on Aug 19 ’24, Khan Ahmad A. (Officer) Proposed Sale 9,676 shares at an average price of $818.51 for $7.92 million. The insider now directly holds shares of KLA Corp. (KLAC).
