KLA Corp (NASDAQ: KLAC) has reported earnings for its first fiscal quarter (ending September 30) of $7.05 versus $5.43 for the same period a year ago — an increase of 30%. For the latest four quarters through September 30, E.P.S. were $22.03 versus $22.42 for the same period a year ago — a decline of -2%.
Recent Price Action
KLA Corp (NASDAQ: KLAC) stock closed at $691.80 on 10/30/24 after a slight decline of -0.6%. Moreover, unusually high trading volume at 167% of normal accompanied the decline. The stock has risen 3.2% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
KLAC is expected to continue to be a major Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
KLA has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. KLA has a slightly positive Appreciation Score of 64 and a good Power Rating of 80, triggering the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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