A better buy-in window may exist right now for KLA Corp. (KLAC)

With 0.73 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.96 million shares. During the session, the Semiconductor Equipment & Materials company that operates in wider Technology sector, reached to the highest price of $624.79 whereas the lowest price it dropped to was $608.16. The 52-week range on KLAC shows that it touched its highest point at $658.78 and its lowest point at $355.88 during that stretch. It currently has a 1-year price target of $665.85. With its current market cap of 83.64 billion, KLAC has annualized dividend of $5.61 while the current yield stands at 0.91%. Beta for the stock currently stands at 1.32.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KLAC was up-trending over the past week, with a rise of 3.24%, but this was up by 11.17% over a month. Three-month performance surged to 22.93% while six-month performance rose 25.08%. The stock gained 48.38% in the past year, while it has gained 6.40% so far this year. A look at the trailing 12-month EPS for KLAC yields 19.69 with Next year EPS estimates of 27.78. For the next quarter, that number is 5.31. This implies an EPS growth rate of -9.89% for this year and 21.54% for next year. EPS is expected to grow by 6.02% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 36.50%.

Float and Shares Shorts:

At present, 136.75 million KLAC shares are outstanding with a float of 135.06 million shares on hand for trading. On Jan 11, 2024, short shares totaled 1.98 million, which was 1.46% higher than short shares on Dec 14, 2023. In addition to LAC as the firm’s Lithium Americas Corp., KLAC serves as its KLA Corporation.

Institutional Ownership:

Through their ownership of 93.19% of KLAC’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KLAC since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With KLAC analysts setting a high price target of $750.00 and a low target of $550.00, the average target price over the next 12 months is $665.85. Based on these targets, KLAC could surge 21.26% to reach the target high and fall by -11.07% to reach the target low. Reaching the average price target will result in a growth of 7.66% from current levels.

Dividends & Yield:

In terms of dividends, KLAC has a current ratio of $5.8, which is $5.8 over the trailing 12-months, while a dividend of $3.85 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and KLAC currently yields $0.87. In the past year, KLAC’s dividend yield has been $0.87, but when looking at the stock over the past five years, its yield has been $1.49. Accordingly, KLAC has a current buyback yield of $1.94. This was $1.94 for the TTM, and it was $3.5 for the past five years.

Summary of Insider Activity:

Insiders traded KLAC stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 430 shares were sold. The number of buy transactions has increased to 29 while that of sell transactions has risen to 96 over the past year. The total number of shares bought during that period was 120,957 while 252,807 shares were sold.