KLA Shares Dip 2.94% on $1.05B Volume as Executives Offload $70.76M in Sales, Ranking 80th in Market Activity Amid Elevated Valuations

On September 2, 2025, KLA (KLAC) closed down 2.94% with a trading volume of $1.05 billion, ranking 80th in market activity. Recent insider transactions have drawn attention, as senior executives continue to offload shares. Ahmad Khan, President of Semiconductor Products & Customer Service, sold 13,716 shares at $881.50 apiece under a pre-arranged Rule 10b5-1 trading plan. This follows a broader trend of insider selling, with no insider purchases recorded over the past year and 16 sales during the same period.

The company’s valuation metrics remain mixed. KLA’s price-earnings ratio of 27.84 lags behind its historical median but outperforms the industry median of 34.495. However, its price-to-GF Value ratio of 1.17 suggests modest overvaluation based on intrinsic value estimates. Executives including CEO Richard Wallace and CFO Bren Higgins have also sold shares in recent months, signaling cautious positioning despite the stock’s $111.63 billion market capitalization.

Insider selling has totaled $70.76 million over the past 24 months, with key figures such as Khan and Wallace accounting for significant portions. While the transactions are largely attributed to pre-structured plans and diversification strategies, the sustained selling activity could weigh on investor sentiment, particularly as the stock trades near elevated valuations relative to its fundamentals.