KLA's $810M Volume Ranks 129th as Shares Climb 0.43% on Mixed Analyst Outlook

On September 8, 2025, KLA (KLAC) traded with a volume of $810 million, a 21.87% decline from the prior day, ranking 129th in market activity. The stock closed up 0.43% at $959.26, within its 52-week range of $551.33 to $959.26. The company’s $115.24 billion market cap reflects a 27.8 P/E ratio and $4.49 billion in cash reserves, with enterprise value at $120.49 billion.

Analysts highlighted mixed signals for KLA. A Wells Fargo analyst maintained a Hold rating, citing revenue declines and performance obligation risks, while Oppenheimer and BofA raised price targets to $1,000, citing strong Q2 earnings and a reaffirmed growth outlook. The firm’s free cash flow and elevated profit margins contrasted with challenges including U.S. tariff pressures and a 23% TSMC revenue drop in the June quarter. Management reiterated confidence in long-term growth despite sector-wide caution.

KLA’s board recently announced structural changes and a dividend declaration, signaling strategic adjustments. However, performance obligations fell 11% quarter-over-quarter to $5.8 billion, raising concerns about near-term revenue sustainability. The company’s beta of 1.82 underscores its sensitivity to market volatility, with upcoming earnings on October 22, 2025, expected to provide further clarity on operational momentum.

To ensure we structure the back-test exactly as you intend, could you please clarify a few details? 1. Universe: Which market(s) should we draw the “top-500-by-volume” list from? 2. Portfolio construction each day: Should the 500 names be equally weighted at the open and fully liquidated the next day at the close? 3. Rebalancing discipline: Do we refresh the list every trading day? 4. Benchmark: Do you want to compare the strategy against a benchmark index?