KLA Corporation (KLAC) Monthly Report
Publication Date: September 22, 2024
Company Overview
KLA Corporation (KLAC), based in Milpitas, California, is a prominent player in the technology sector, particularly within the semiconductor equipment and materials industry. Originally founded as KLA-Tencor Corporation in 1975, the company has built a solid reputation for its innovative solutions in process control, yield management, and inspection across semiconductor and microelectronics production. KLA’s diverse portfolio includes advanced tools and software aimed at measuring and analyzing defects on wafers, ultimately enhancing production efficiency and minimizing risks. Since its market debut in 1997, KLA has established itself as a critical contributor to the semiconductor industry.
Market Performance and Financial Health
KLA Corporation reported total revenue of approximately $9.81 billion, reflecting its strong financial health amid evolving market conditions. The current stock price is $758.85, with analysts projecting a high target price of $975.00, suggesting notable upside potential for investors. The consensus target mean price stands at $852.67, indicating solid expectations for price appreciation moving forward. With 134,424,992 shares outstanding, only 2.01% are held short, demonstrating a low level of short interest and indicating investor confidence in KLA’s continued performance. The fifty-day moving average is $773.74, positioning the current stock price slightly below this average, potentially hinting at undervaluation or recent market corrections.
Analyst Consensus and Investment Outlook
The overall sentiment among analysts is bullish, with a recommendation mean score of 2.2, suggesting a “buy” rating based on insights from 21 analyst opinions. The target price range is between a low of $680.00 and a high of $975.00, which underscores the confidence in KLA’s growth trajectory. Additionally, the stock’s fifty-two-week volatility—spanning a high of $896.32 and a low of $440.15—highlights both significant growth opportunities and inherent risks. Given the comprehensive analysis of KLA’s strong fundamentals and positive market sentiment, investing in KLA Corporation appears to be an attractive opportunity for both current and potential investors.
| Metric | Value |
|---|---|
| Market Cap | $102.0b |
| Total Debt | $6.8b |
| Total Cash | $4.5b |
| Shares Outstanding | 134.4m |
| Float Shares | 134.1m |
Disclaimer:
The information provided in this monthly report is for informational purposes only and should not be construed as financial, investment, or trading advice. AltStation.io does not guarantee the accuracy, completeness, or timeliness of the data and analyses presented. The content is based on publicly available information, and while we strive to ensure its accuracy, errors and omissions may occur.
Investing in stocks, cryptocurrencies, and other financial instruments involves significant risk, including the potential loss of principal. Past performance is not indicative of future results. Readers should conduct their own research and consult with a qualified financial advisor before making any investment decisions. AltStation.io and its affiliates are not responsible for any losses incurred as a result of using this report.
By using this report, you acknowledge that you understand and accept these terms.