KLA Corp (NASDAQ: KLAC) is 10.55% higher on its value in year-to-date trading and has touched a low of $527.11 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 $666.22 in the last trading session, with the day’s loss setting it -23.61%.
Currently trading at $642.61, the stock is -0.60% and -7.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.03 million and changing -3.54% at the moment leaves the stock -12.65% off its SMA200. KLAC registered 19.62% gain for a year compared to 6-month loss of -17.54%. The firm has a 50-day simple moving average (SMA 50) of $696.0616 and a 200-day simple moving average (SMA200) of $735.7445.
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The stock witnessed a -4.14% gain in the last 1 month and extending the period to 3 months gives it a -8.56%, and is 1.66% 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 2.75% over the week and 2.59% over the month.
KLA Corp (KLAC) has around 15230 employees, a market worth around $85.96B and $10.24B in sales. Current P/E ratio is 29.35 and Fwd P/E is 19.55. Profit margin for the company is 28.97%. Distance from 52-week low is 21.91% and -28.31% from its 52-week high. The company has generated returns on investments over the last 12 months (30.91%).
KLA Corp quarterly earnings per share for the current quarter are estimated at 7.76 with sales reaching $2.95B over the same period.The EPS is expected to grow by 28.77% this year, but quarterly earnings will post 18.44% year-over-year. Quarterly sales are estimated to grow 18.53% in year-over-year returns.
2145.0 institutions hold shares in KLA Corp (KLAC), with institutional investors hold 91.16% of the company’s shares. The shares outstanding are 133.82M, and float is at 132.65M with Short Float at 2.12%. Institutions hold 91.06% 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
The most recent transaction is an insider sale by WALLACE RICHARD P, the company’s President and CEO. SEC filings show that WALLACE RICHARD P sold 14,306 shares of the company’s common stock on Nov 12 ’24 at a price of $663.01 per share for a total of $9.49 million. Following the sale, the insider now owns 90347.0 shares.
Still, SEC filings show that on Oct 15 ’24, Donzella Oreste (Officer) Proposed Sale 2,837 shares at an average price of $825.52 for $2.34 million. The insider now directly holds shares of KLA Corp (KLAC).
