KLA Stock Price Increases 15% YTD: How Should You Play It Now?
KLA Corporation’s KLAC shares have gained 15.4% year to date, outperforming the broader Zacks Computer and Technology sector’s decline of 7.9% and the Electronics – Miscellaneous Products industry’s slip of 0.7%.
KLAC has also outperformed its industry peers, including Garmin GRMN, Flex FLEX and Rockwell Automation ROK, in the same period.
Year to date, Garmin shares have returned 1.9%, while Flex and Rockwell Automation declined 5.2% and 9.5%, respectively.
The momentum in KLAC shares is driven by robust growth at the…
