Keep Your Eyes on This Stock: KLA Corporation (NASDAQ:KLAC)

KLA Corporation (NASDAQ:KLAC) stock identified change of 76.59% away from 52-week low price and recently located move of -1.45% off 52-week high price. It has market worth of $23399.61M and dividend yield of 2.11%. KLAC stock has been recorded 10.89% away from 50 day moving average and 26.79% away from 200 day moving average. Moving closer, we can see that shares have been trading 4.29% off 20-day moving average.

On Aug. 27, 2019, KLA Corporation (NASDAQ:KLAC) declared that the Automotive Electronics Council (AEC), the organization that sets qualification standards for electronic components in the automotive industry, has accepted the company as an associate member. As the first semiconductor equipment company to join AEC, KLA helps chip manufacturers implement Zero Defect strategies aimed at optimizing the reliability of automotive electronics.

As vehicles increasingly rely on semiconductor chips for enhanced performance, electrification, and assisted and autonomous driving capabilities, chip quality requirements are more demanding than ever. A modern electric car with autonomous features has four times the number of semiconductor devices than a typical gas-powered automobile, to support everything from basic functionality to safety-critical features.

For automakers, reliability is synonymous with brand reputation. Consumers are unlikely to be repeat buyers if they experience failures, noted Oreste Donzella, executive vice president and chief marketing officer at KLA. , automotive chip manufacturers are relying on KLA’s tools and services to find defects that cause yield or latent reliability failures. However, reliability is truly a team effort. By joining AEC, we can work collaboratively with the entire automotive electronics ecosystem to work towards the Zero Defect imperative.

KLA is building a second headquarters in Ann Arbor, Michigan to encourage further collaboration with the automotive industry. Visit our website for more information about KLA’s expansion into Michigan or the continued work in the automotive ecosystem.

The Technology sector company, KLA Corporation noticed change of 0.80% to $142.42 along volume of 1217389 shares in recent session compared to an average volume of 1512.83K. The stock observed return of 1.46% in 5 days trading activity. The stock was at 2.09% over one month performance. KLAC’s shares are at 37.75% for the quarter and driving a 23.37% return over the course of the past year and is now at 59.15% since this point in 2018.

The average volatility for the week at 2.25% and for month was at 3.02%. There are 164.3M shares outstanding and 158.79M shares are floated in market. Right now the stock beta is 1.7.

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