Is KLA Corporation (NASDAQ: KLAC) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for KLA Corporation (KLAC) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$10.44, or -3.16%, to $319.46. Volume reached 168,781 shares, with price reaching a high of $322.86 and a low of $322.86. Yahoo Finance discussed the stock recently as it posted KLA’s 2021 Global Impact Report Highlights New Climate Goals.


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Stocks Info

This NASDAQ-listed company operates within the Semiconductor Equipment & Materials industry segment, falling under the Technology sector. At the end of the last regular session, the stock closed at $322.86 and fluctuated between $337.54 as its day high and $322.85 as its day low. The current market capitalization of KLA Corporation is $46.03B. A total of 1.78 million shares were traded on the day, compared to an average of 1.50M shares.

Insider Activity

Insider trades can also provide insight into a stock’s future direction. During the recent three months, KLAC has seen 20 BUY and 56 SELL insider trades, representing the acquisition of 157,469 and the disposition of 105,903 shares. Over the last 12 months, there were 30 BUYs and 70 SELLs from insiders. Insiders purchased 163,227 shares during that period but sold 161,558.

In the most recent transaction, Donzella Oreste sold 2,417 shares of KLAC for 334.86 per share on Sep 01. After the transaction, the Executive Vice President now owns 35,103 company shares. In a previous transaction on Aug 25, Khan Ahmad A. sold 3,868 shares at 375.00 per share. KLAC shares that President, Semi Proc. Control owns now total 74,059.

Among the insiders who sold shares, Khan Ahmad A. disposed of 7,736 shares on Aug 24 at a per-share price of $360.26. This resulted in the President, Semi Proc. Control holding 77,927 shares of KLAC after the transaction. In another insider transaction, WALLACE RICHARD P sold 74,314 shares at $382.53 per share on Aug 15. Company shares held by the President and CEO now total 191,748.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. KLA Corporation pays an annual dividend of $5.20, resulting in a dividend yield of 1.61%, and it has a price to earnings (P/E) ratio of 14.74. KLAC’s most recent ex-dividend date was 08/12/2022 when it declared a $1.30 quarterly dividend that was paid in cash on 09/01/2022. Previously, the company paid the dividend on 06/01/2022 with an ex-dividend date of 05/13/2022. The dividend was $1.05 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for KLAC in the last 3 months, the mean price target is $408.61 with high estimates of $500.00 and low estimates of $325.00. In terms of 52-week highs and lows, KLAC has a high of $457.12 and a low of $282.83.

As of this writing, KLAC has an earnings estimate of $6.22 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of $6.25 per share and a lower estimate of $6.11. The company reported an EPS of $5.81 in the last quarter, which was 6.41% higher than expectations of $5.46.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 21 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for KLAC is Sell with a score of 4.33. A total of 15 analysts rated the stock as Buy while 0 rated it as Overweight while 6 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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