KLA Corp. (KLAC): A Case For Going Higher

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.

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Stocks Info

This NASDAQ-listed company operates within the Semiconductor Equipment & Materials industry segment, falling under the Technology sector. The current market capitalization of KLA Corp. is $103.79B. A total of 0.56 million shares were traded on the day, compared to an average of 965.37K shares.

In the most recent transaction, Donzella Oreste bought 2,071 shares of KLAC for 725.78 per share on Sep 05 ’24. In a previous transaction on Aug 19 ’24, Khan Ahmad A. sold 9,676 shares at 818.51 per share. KLAC shares that President, Semi Proc. Control owns now total 32,176.

Among the insiders who bought shares, Khan Ahmad A. acquired of 9,676 shares on Aug 19 ’24 at a per-share price of $818.51. In another insider transaction, Lorig Brian sold 2,038 shares at $740.63 per share on Aug 07 ’24. Company shares held by the Executive Vice President now total 14,664.

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 Corp. pays an annual dividend of $5.80, resulting in a dividend yield of 0.75%, and it has a price to earnings (P/E) ratio of 38.05. KLAC’s most recent ex-dividend date was 8/15/2024 when it declared a $1.45 quarterly dividend that was paid in cash on 9/3/2024. Previously, the company paid the dividend on 5/31/2024 with an ex-dividend date of 5/14/2024. The KLAC stock dividend was $1.45 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. In terms of 52-week highs and lows, KLAC has a high of $896.32 and a low of $440.15.

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. KLAC’s latest balance sheet shows that the firm has $2.71B in Cash & Short Term Investments as of fiscal 2022. There were $6.77B in debt and $2.87B in liabilities at the time. Its Book Value Per Share was $25.06, while its Total Shareholder’s Equity was $1.40B.

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, 0 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 Buy with a score of 4.16.

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