| KLA is a supplier of process equipment, process control equipment, and data analytics products for a range of industries, including semiconductors, printed circuit boards (PCBs) and displays. Co. provides process control and process-enabling solutions for manufacturing and testing wafers and reticles, integrated circuits (IC or chip), packaging, light emitting diodes, power devices, compound semiconductor devices, microelectromechanical systems, data storage, PCBs and flat and flexible panel displays, as well as general materials research. Co. has four reportable segments: Semiconductor Process Control; Specialty Semiconductor Process; PCB, Display and Component Inspection; and Other. |
When researching a stock like KLA, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from KLAC Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for KLAC stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the KLAC 200 day moving average ("KLAC 200 DMA"), while one of the most popular "shorter look-backs" is the KLAC 50 day moving average ("KLAC 50 DMA"). A chart showing both of these popular moving averages is shown on this page for KLA. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the KLAC 200 DMA and the KLAC 50 DMA, we get a moving average convergence divergence indicator ("KLAC MACD"). The KLAC MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart).