KLAC Stock Price Lost $16.29 in Recent 1-Day Trading Session

In similar industry stocks, KLA Corp. (KLAC) stock price has shown maximum price change in the recent 1-day of trading. With 1.27 Million of trading volume, KLAC stock price lost $16.29 with a 3.17% price drop. However, in the last 5 days, the stock price showed an upside trend with a 0.38% price rise.

As the above chart shows, NVMI stock, ROK stock, and ONTO stock prices are following KLAC stock with nearly $6.00 of price change.

KLAC Stock Performance

KLAC stock price mostly experienced bullish activity as it just showed a bearish trend in the recent month with a 0.63% price drop. However, on September 7, 2023, its stock price dropped over 3% which took its price to close at $497.18. This bearish trend has taken the KLAC stock price near its 20-day EMA.

KLAC share price was making a rising chart but due to bears dominance in the recent trading session, its price has changed its path. The RSI further changed the way with the downside journey. However, at press time, the pre-market price is also showing a slight decline from the recent closing price. Thus, a bearish trend can be expected in the future.

The 1-year price target set by the analyst is showing at $539.12, up by over 8% from the recent closing price of the KLAC stock. The maximum estimate set by the analysts is showing at $600.00 whereas the minimum estimate is at $425.00. Notably, in the past 3 months, the analysts have given a “buy” rating to KLA Corporation.

The Financial Update of KLA Corporation

KLA Corporation (NASDAQ: KLAC), an American capital equipment company, has a market cap of nearly $67.97 Billion. Late in July 2023, the company released its Q4 2023 report that stated its net income to be $684.65 Million.

KLAC’s price-to-sales ratio is 6.75 while the company has an Enterprise Value to EBITDA ratio of 16.27. KLA Corporation paid its dividends on a quarterly basis and its last dividend per share was $1.30  whereas as of today, the Dividend Yield (TTM)% is 1.01%.

In Q4 2023, the earnings per share (EPS) of KLA Corp. was $5.40 whereas the estimation was $4.86 which accounts for an 11.22% surprise. In a similar quarter, the revenue reached $2.36 Billion despite the estimated figure of $2.26 Billion.

For the upcoming quarter, the estimated EPS is $5.35, and revenue is expected to reach $2.35 Billion. Moreover, in 2022, the revenue of KLA Corporation amounted to $10.50 Billion. Most of which, $9.32 Billion, came from its highest performing source at the moment, “semiconductor process control.”

Disclaimer

The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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