On the NASDAQ, the ticker symbol for KLA Corporation is “KLAC.” In a report on January 12, KeyCorp updated its forecast for the earnings per share that KLA will generate during the fiscal year 2023. The previous projection of earnings per share for the semiconductor business provided by S. Barger, an analyst for KeyCorp, has been raised from $23.80 to $24.79, representing an increase of 1.9%. The current rating that has been placed on the shares of KeyCorp is “Overweight,” and the price target has been established at $468.00. The figure of $24.66 per share is the one that is generally agreed upon to represent KLA’s earnings throughout the entirety of the year.
KLA (NASDAQ: KLAC) announced the results of its most recent quarterly earnings report on Wednesday, October 26, making it available for public consumption. The semiconductor industry reported quarterly profits of $7.06 per share, which were $0.84 higher than the consensus forecast of $6.22 per share. The revenue for the quarter came in at $2.72 billion, which was significantly higher than the average prediction of $2.59 billion made by the market. KLA had a healthy net margin of 33.28% and an equity return rate of 120.41%. Both of these metrics contributed to KLA’s overall success.
NASDAQ: KLAC was first available for trading on Monday, with a price per share of $420.04 per share. A debt-to-equity ratio of 3.00, a quick ratio of 1.67, a current ratio of 2.43, and a quick ratio of 1.67 are all present. The company’s market value is $59.53 billion; it has a price-to-earnings ratio of 18.97, a price-to-earnings-growth ratio of 3.24, and a beta value of 1.37, all of which indicate that it is an excellent investment. In addition to that, the business possesses a positive beta number. Within the past 52 weeks, KLA’s share price has ranged from a record low of $250.20 to an all-time high of $445.52. The company currently has a simple moving average of $383.88 for the past 50 days, and the company’s simple moving average for the past 200 days is $350.87.
Recent opinions on the stock can be found online, and they come from a wide variety of independent equity research specialists. Needham & Company LLC increased their target price on KLA from $310.00 to $335.00 and gave the stock a “buy” rating in a research report published on Thursday, October 27. StockNews.com released a research report on KLA shares on October 12; this publication marked the beginning of the website’s coverage of the company’s shares. They recommended that shareholders “hold” their shares of the company. The target price that Susquehanna Bancshares has set for KLA shares has increased from $350.00 to $355.00, as stated in a research note published on Thursday, October 27. The price had been reduced from $350.00. Barclays rated KLA stock as “equal weight” in a research report published on Thursday, October 13, and decreased their price objective on the stock from $265.00 to $260.00. Barclays also decreased their price target for the stock.
Lastly, Bank of America lowered their price objective on shares of KLA from $450.00 to $400.00 while maintaining a “buy” rating on the stock in a research note published on Friday, October 7. Six of the eight equity research professionals surveyed gave the stock a hold rating, while a buy rating was given to the stock by the remaining seven. The current consensus rating for KLA is “Moderate Buy,” and Bloomberg.com reports that the average price objective for the stock is $378.94. Both of these pieces of information can be found on the website.
Institutional investors and hedge funds have recently been very active in the stock market, purchasing and selling shares back and forth. During the second quarter, Pacifica Partners Inc. made a fresh investment in KLA stock, estimated to be worth somewhere in the neighborhood of $27,000 at the time. Capital Asset Advisory Services LLC made a new investment in KLA stock during the second quarter of this fiscal year. The value of this investment comes to about thirty thousand dollars. During the second quarter, Wellington Shields & Co. LLC made a new investment in KLA stock that was estimated to be worth approximately $32,000 at the time of the investment. During the second quarter, Win Advisors Inc. made a 61.4% increase in the proportion of its holdings allocated to KLA. After purchasing 43 additional shares during the relevant period, Win Advisors Inc. now holds a total of 113 shares of the semiconductor company’s stock, each of which has a value of $33,000. The value of these shares increased during the relevant period.
Last but not least, during the second quarter, WFA of San Diego LLC established a new KLA investment valued at approximately $33,000. This investment was certainly not the least significant of the three. Shares of the company are currently held by hedge funds and various other institutional investors, who collectively account for 87.38 percent of the total.
On Friday, December 9, KLA Executive Vice President Brian Lorig completed the sale of 3,127 shares, as disclosed in other KLA-related news. The total value of the transaction was determined to be $1,250,800.00 based on the number of shares sold at an average price of $400.00 for each share. Following the successful conclusion of the transaction, the executive vice president is now the direct owner of 29,779 shares of the company. The total value of these shares is approximately $1,911,600. One can access a document that provides additional information regarding the transaction by going to the Securities and Exchange Commission (SEC) website. Only 0.15% of the company’s company stock is held by current and former employees.