On August 7, 2024, Brian Lorig, Executive Vice President of KLA Corp (NASDAQ:KLAC), sold 2,038 shares of the company. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 14,663,578 shares of KLA Corp.

KLA Corp (NASDAQ:KLAC) specializes in process control and yield management solutions for the semiconductor and related nanoelectronics industries. The company’s products are used in a wide range of applications, including inspection and metrology of wafers and masks throughout the manufacturing process.

Over the last year, Brian Lorig has sold a total of 7,619 shares and bought no shares of the company. This recent sale is part of a broader trend within KLA Corp, where there have been 23 insider sales and no insider purchases over the last year.

KLA Corp’s shares were trading at $740.63 on the day of the sale, giving the company a market capitalization of approximately $100.39 billion. The company’s price-to-earnings ratio is 36.79, which is higher than both the industry median of 30.01 and the company’s historical median.

According to GF Value, the intrinsic value of KLA Corp stock is estimated at $490.61, which suggests that the stock is significantly overvalued with a Price to GF Value ratio of 1.51.

The GF value is calculated based on historical trading multiples such as price-earnings ratio, price-sales ratio, price-book ratio and price-free cash flow, adjusted for the company’s past performance and expected future business results.

This sale by the insider at KLA Corp fits into a broader pattern of insider transactions within the company, characterized by a dominance of selling activity over the past year.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.