KLAC

KLA Corporation

Technology · $247.1B market cap

Verdict

Share price

$206.89

close of Oct 3, 2026

Fair value

$80.92

Sticker Price

Payback Price

$32.37

buy price

Overpriced

KLAC is Overpriced: at $206.89 it trades 156% above its fair value of $80.92. Its buy price (Payback Price) is $32.37, 84% below today's price. Business quality is strong: 4 of 5 key numbers clear the 10% bar.

How we valued it

Buffett Normalized. A profitable, growing business, so we project its earnings 10 years ahead and work out what that is worth today.

Business quality

4 of 5 clear the 10% bar. What are the Big Five?

Earnings per share growth14.1% a year✓
Equity per share growth3.6% a year✗
Sales growth11.6% a year✓
Free cash flow growth12.3% a year✓
Return on invested capital33.1%✓

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Superinvestors

3 of the investors we track hold KLAC. In Q2 2026, 1 opened a position, 2 added and 1 sold out. Who we track

Moves in Q2 2026

New position: Lee Ainslie

Added: Torray Funds, Jensen Investment Management

Sold out: Daniel Loeb

Insider activity

Since Jun 30, 2026: no open-market purchases, 15 sales worth $64.5M and 68 other filings (stock awards, tax withholding and similar). Why purchases matter

Sales

Other filings

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-08-07

Tax withholding

$101K

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-07

Tax withholding

$876K

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-07

Tax withholding

$876K

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-07

Tax withholding

$233K

Lorig Brian

EVP, KLA Global Services · 2026-08-07

Tax withholding

$556K

Show all 68 other filings

WALLACE RICHARD P

President and CEO · 2026-08-07

Tax withholding

$2.5M

WALLACE RICHARD P

President and CEO · 2026-08-06

Tax withholding

$16.9M

WALLACE RICHARD P

President and CEO · 2026-08-06

Tax withholding

$9.0M

WALLACE RICHARD P

President and CEO · 2026-08-06

Award

352,875 shares

WALLACE RICHARD P

President and CEO · 2026-08-06

Award

40,841.235 shares

WALLACE RICHARD P

President and CEO · 2026-08-06

Award

93,721 shares

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-06

Tax withholding

$1.0M

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-06

Award

25,440 shares

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-06

Tax withholding

$2.0M

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-06

Award

24,987.3 shares

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-06

Tax withholding

$4.2M

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-06

Award

87,420 shares

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-06

Tax withholding

$6.0M

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-06

Award

62,475.7 shares

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-08-06

Tax withholding

$456K

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-08-06

Award

9,540 shares

Lorig Brian

EVP, KLA Global Services · 2026-08-06

Tax withholding

$1.9M

Lorig Brian

EVP, KLA Global Services · 2026-08-06

Award

39,735 shares

Lorig Brian

EVP, KLA Global Services · 2026-08-06

Tax withholding

$2.4M

Lorig Brian

EVP, KLA Global Services · 2026-08-06

Award

24,987.3 shares

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-06

Tax withholding

$4.2M

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-06

Award

87,420 shares

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-06

Tax withholding

$6.0M

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-06

Award

62,475.7 shares

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-05

Award

5,069.946 shares

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-05

Award

24,410.853 shares

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-08-05

Award

1,549.15 shares

Lorig Brian

EVP, KLA Global Services · 2026-08-05

Award

15,960.942 shares

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-05

Award

24,410.853 shares

WALLACE RICHARD P

President and CEO · 2026-08-04

Tax withholding

$16.4M

WALLACE RICHARD P

President and CEO · 2026-08-04

Tax withholding

$3.6M

Lorig Brian

EVP, KLA Global Services · 2026-08-04

Tax withholding

$2.0M

Lorig Brian

EVP, KLA Global Services · 2026-08-04

Tax withholding

$675K

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-04

Tax withholding

$4.3M

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-04

Tax withholding

$1.4M

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-04

Tax withholding

$4.1M

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-04

Tax withholding

$1.4M

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-08-04

Tax withholding

$608K

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-08-04

Tax withholding

$202K

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-04

Tax withholding

$1.4M

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-04

Tax withholding

$459K

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-08-03

Tax withholding

$133K

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-03

Tax withholding

$326K

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-03

Tax withholding

$1.3M

Lorig Brian

EVP, KLA Global Services · 2026-08-03

Tax withholding

$600K

WALLACE RICHARD P

President and CEO · 2026-08-03

Tax withholding

$3.6M

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-03

Tax withholding

$1.3M

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-08-01

Tax withholding

$68K

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-08-01

Tax withholding

$245K

Higgins Bren D.

EVP & Chief Financial Officer · 2026-08-01

Tax withholding

$823K

Lorig Brian

EVP, KLA Global Services · 2026-08-01

Tax withholding

$549K

WALLACE RICHARD P

President and CEO · 2026-08-01

Tax withholding

$2.4M

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-08-01

Tax withholding

$823K

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-06-30

Tax withholding

$8.5M

Khan Ahmad A.

President, Semi. Prod. & Cust. · 2026-06-30

J-Other

$21K

Wilkinson Mary Beth

EVP, CLO and Secretary · 2026-06-30

Tax withholding

$2.9M

WALLACE RICHARD P

President and CEO · 2026-06-30

Tax withholding

$12.8M

WALLACE RICHARD P

President and CEO · 2026-06-30

J-Other

$21K

Higgins Bren D.

EVP & Chief Financial Officer · 2026-06-30

Tax withholding

$8.5M

Higgins Bren D.

EVP & Chief Financial Officer · 2026-06-30

J-Other

$21K

Lorig Brian

EVP, KLA Global Services · 2026-06-30

Tax withholding

$3.4M

Lorig Brian

EVP, KLA Global Services · 2026-06-30

J-Other

$21K

Kirloskar Virendra A

SVP & Chief Accounting Officer · 2026-06-30

J-Other

$21K

About KLA Corporation

KLA Corporation specializes in creating, manufacturing, and distributing advanced solutions vital for process control, process optimization, and yield enhancement throughout the global semiconductor and broader electronics industries. The company organizes its business into four main segments: Semiconductor Process Control, Specialty Semiconductor Process, PCB, Display and Component Inspection, and an 'Other'…

Semiconductors

Fair value and Payback Price are estimates from the company's reported financials, not investment advice. Prices as of the close of Oct 3, 2026. How the Payback Price works