KLAC Stock Summary and Trading Ideas (Kla | NASDAQ:KLAC)

KLA is one of the largest semiconductor wafer fabrication equipment, or WFE, manufacturers in the world. It specializes in the market segment of semiconductor process control, wherein machines inspect semiconductor wafers during research and development and manufacturing for defects and verify precise measurements. In this section of the market, KLA holds a majority share. It also has a small exposure to the etch and deposition segments of the WFE market. It counts as top customers the largest chipmakers in the world, including TSMC and Samsung.

Kla trades on the NASDAQ stock market under the symbol KLAC.

As of November 8, 2024, KLAC stock price climbed to $687.41 with 867,077 million shares trading.

KLAC has a beta of 2.29, meaning it tends to be more sensitive to market movements. KLAC has a correlation of 0.48 to the broad based SPY ETF.

KLAC has a market cap of $92.10 billion. This is considered a Large Cap stock.

Last quarter Kla reported $3 billion in Revenue and $7.33 earnings per share. This beat revenue expectation by $82 million and exceeded earnings estimates by $.28.

In the last 3 years, KLAC traded as high as $896.32 and as low as $250.20.

The top ETF exchange traded funds that KLAC belongs to (by Net Assets): VTI, VOO, QQQ, SPY, VUG.

KLAC has underperformed the market in the last year with a price return of +35.6% while the SPY ETF gained +38.4%. KLAC has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -8.4% and +2.1%, respectively, while the SPY returned +13.1% and +3.3%, respectively.

KLAC support price is $668.67 and resistance is $703.63 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KLAC shares will trade within this expected range on the day.