KLA Corporation $KLAC Shares Sold by Pinnacle Associates Ltd.

21 Oct 2026, 09:37 by Tristan Rich · The Markets Daily

Pinnacle Associates Ltd. lowered its position in shares of KLA Corporation (NASDAQ:KLAC – Free Report) by 10.6% during the third quarter, Holdings Channel reports. The firm owned 98,381 shares of the semiconductor company’s stock after selling 11,698 shares during the quarter. Pinnacle Associates Ltd.’s holdings in KLA were worth $19,177,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in KLAC. Wellington Management Group LLP boosted its position in shares of KLA by 928.9% in the 2nd quarter. Wellington Management Group LLP now owns 14,821,622 shares of the semiconductor company’s stock valued at $4,471,832,000 after purchasing an additional 13,381,153 shares during the period. Bank of New York Mellon Corp purchased a new position in KLA during the 2nd quarter worth approximately $2,522,430,000. National Pension Service grew its stake in KLA by 899.4% during the 2nd quarter. National Pension Service now owns 3,634,859 shares of the semiconductor company’s stock worth $1,096,673,000 after buying an additional 3,271,158 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in KLA by 239.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,614,990 shares of the semiconductor company’s stock worth $1,094,530,000 after buying an additional 3,959,927 shares during the last quarter. Finally, PineStone Asset Management Inc. increased its position in KLA by 11.5% during the third quarter. PineStone Asset Management Inc. now owns 2,418,400 shares of the semiconductor company’s stock worth $471,419,000 after buying an additional 248,700 shares during the period. 86.65% of the stock is owned by hedge funds and other institutional investors.

KLA Price Performance

Shares of KLAC opened at $161.74 on Wednesday. KLA Corporation has a fifty-two week low of $107.20 and a fifty-two week high of $307.37. The company has a market capitalization of $211.07 billion, a price-to-earnings ratio of 44.11, a price-to-earnings-growth ratio of 1.47 and a beta of 1.45. The firm has a 50-day simple moving average of $185.35 and a 200-day simple moving average of $197.25. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.03 and a current ratio of 2.88.

KLA (NASDAQ:KLAC – Get Free Report) last released its quarterly earnings results on Tuesday, July 28th. The semiconductor company reported $1.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.05. The firm had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.61 billion. KLA had a return on equity of 87.66% and a net margin of 35.57%. The business’s revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. KLA has set its Q1 2027 guidance at 1.060-1.260 EPS. On average, equities research analysts anticipate that KLA Corporation will post 5.43 earnings per share for the current year.

KLA Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 17th were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Monday, August 17th. This is a positive change from KLA’s previous quarterly dividend of $0.23. KLA’s payout ratio is 25.07%.

Insider Buying and Selling

In other news, CAO Virendra Kirloskar sold 4,504 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $195.50, for a total value of $880,532.00. Following the transaction, the chief accounting officer owned 7,972 shares of the company’s stock, valued at approximately $1,558,526. The trade was a 36.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Richard P. Wallace sold 72,019 shares of the business’s stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $171.88, for a total value of $12,378,625.72. Following the completion of the transaction, the chief executive officer directly owned 706,925 shares in the company, valued at approximately $121,506,269. The trade was a 9.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 243,339 shares of company stock valued at $46,903,454 over the last 90 days. Insiders own 79.39% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on KLAC. TD Cowen reiterated a “buy” rating and issued a $260.00 price objective (up from $200.00) on shares of KLA in a research note on Thursday, July 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $325.00 price objective on shares of KLA in a report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $195.00 target price (down from $220.00) on shares of KLA in a research report on Wednesday, July 29th. Wells Fargo & Company set a $245.00 target price on shares of KLA and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $230.00 target price on shares of KLA in a report on Tuesday, July 28th. Nineteen research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.26.

View Our Latest Stock Analysis on KLAC

About KLA

(Free Report)

KLA Corporation (NASDAQ: KLAC) develops process control, inspection and yield management solutions for the semiconductor and other advanced manufacturing industries. Its technologies help manufacturers identify defects, measure critical dimensions and monitor production processes to improve quality, reliability and manufacturing efficiency.