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KLAC KLA Corporation - Fundamental Analysis

NEUTRAL
KLAC Stock | Fundamental Analysis & Investment Insights
NASDAQ Technology Semiconductor Equipment & Materials
Current Price
$1274.47
Analyst Target
$1320.96
+3.6% Upside
52W High
$1286.81
52W Low
$551.33

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Confidence Score
78%
Analysis Accuracy
KLAC's financial health is mixed, with a weak Piotroski F-Score of 4/9 indicating moderate stability, but an extraordinarily high Altman Z-Score (>232 billion) signaling negligible bankruptcy risk. The company exhibits strong profitability, including a 99.17% ROE and 41.66% operating margin, alongside solid growth metrics like 20.8% YoY earnings growth. However, stretched valuation metrics—P/E of 40.0 and Price/Book of 33.62—suggest the stock is priced for near-perfect execution. Bearish insider activity and a weak technical trend (10/100) further temper optimism, despite bullish analyst target of $1320.96.

Key Strengths

Exceptional profitability with ROE of 99.17% and operating margin of 41.66%
Strong revenue and earnings growth: 13% and 20.8% YoY, respectively
Outstanding Altman Z-Score (>232 billion) indicating extreme financial stability
Consistent earnings beat history: 3 out of last 4 quarters, with 5.31% average surprise
High free cash flow conversion implied by strong operating margins and cash ratios

Key Risks

Weak Piotroski F-Score of 4/9 suggests deteriorating financial health signals
Rich valuation: P/E of 40.0 and Price/Sales of 13.40 exceed sector averages
Bearish insider sentiment: $51.54M in net insider sales over last 6 months
Technical trend is deeply bearish (10/100), indicating short-term price weakness
High Debt/Equity ratio of 1.22, above sector average of 0.77, increasing leverage risk
AI Fair Value Estimate
Based on comprehensive analysis
$939.87
-26.3% below current price

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