Assenagon Asset Management S.A. 13F: Adds $772M to KLAC Stake

Assenagon Asset Management expanded its footprint in KLA Corporation (NasdaqGS: KLAC), growing its investment significantly during the period covered by a recent Form 13F filing with the SEC on October 15, 2026. Institutional filings like this one look backward and may not reflect the investor's current holdings today. Even so, the disclosure offers a clear look at how major funds positioned themselves during the quarter.

What Changed in Assenagon Asset Management's KLA Corporation Position

Assenagon Asset Management boosted its holdings by 239.3%, adding 3,959,927 shares to its portfolio. That brought the fund's total stake to 5,614,990 shares. The reported value of the position stood at roughly $1.09 billion at the time of the report. The firm held 1,655,063 shares prior to the adjustment.

Other Institutional Activity in KLA Corporation

Other major institutional investors made notable adjustments to their KLA Corporation holdings around the same time. Capital World Investors grew its holdings by 4,476,266 shares, ending with 45,318,111 shares worth about $7.51 billion. State Street Corporation added 1,359,882 shares, bringing its total to 62,892,994 shares valued at about $10.42 billion. Invesco Ltd. increased its position by 719,312 shares to hold 44,848,852 shares worth roughly $7.43 billion. Meanwhile, Blackrock Inc. grew its holdings by 239,323 shares, finishing with 126,198,653 shares valued at about $20.92 billion, and Vanguard Capital Management LLC lifted its stake by 127,794 shares to end with 85,323,770 shares worth about $14.14 billion.

KLA Corporation Stock Down 3.6%

KLA Corporation shares recently traded around $168.19 as of October 16, 2026. The stock has experienced a wide trading range over the past year, with a 52-week low of $107.20 and a 52-week high of $307.37. The recent share price sits below its 50-day moving average of $187.45 and below its 200-day moving average of $180.81.

Recent Earnings

KLA Corporation generated $13.58 billion in trailing-twelve-month revenue. The company posted a trailing-twelve-month earnings per share of $3.66, alongside a net profit margin of 35.6% and a return on equity of 87.5%. Revenue grew 15.2% year-over-year. The company's next earnings report is scheduled for October 28, 2026.

Dividend

KLA Corporation pays an annual dividend rate of $0.92 per share, which translates to a dividend yield of 0.53%. The company's dividend payout ratio stands at 21.9%.

Insider Buying and Selling at KLA Corporation

Company insiders completed several transactions prior to the filing. On August 11, 2026, officer Ahmad A Khan sold 33,180 shares at an average price of $198.95, totaling about $6.60 million. Chief Financial Officer Bren D. Higgins sold 31,500 shares on August 12, 2026, at an average price of $209.87 for a total of roughly $6.61 million. On August 13, 2026, officer Brian W. Lorig sold 59,586 shares at an average price of $208.13, totaling about $12.40 million. Later, on September 15, 2026, Chief Executive Officer Richard P Wallace sold 72,019 shares at an average price of $171.88, worth about $12.38 million. None of these transactions were reported as part of a Rule 10b5-1 trading plan.

Analysts Set New Price Targets

Wall Street analysts have updated their outlooks on the stock ahead of upcoming reports. On July 29, 2026, Stifel maintained its Buy rating while lowering its price target from $270.00 to $250.00. On the same day, RBC Capital maintained a Sector Perform rating and raised its target from $170.00 to $180.00. Susquehanna maintained a Neutral rating on July 29, 2026, lowering its target from $275.00 to $215.00. UBS maintained a Neutral rating on September 1, 2026, adjusting its target from $215.00 to $200.00. Morgan Stanley maintained an Overweight rating on October 6, 2026, lowering its target from $253.00 to $227.00. Across the analyst community, KLA Corporation holds a consensus Buy recommendation with 26 analyst opinions and a mean price target of $232.77.

About KLA Corporation

Based in Milpitas, California, KLA Corporation designs and supports process control and yield management systems for the semiconductor industry. The company builds hardware and software used by chipmakers to inspect wafers, reticles, and integrated circuits for microscopic defects during manufacturing. Institutional moves by large asset managers like Assenagon highlight how major portfolio managers allocate capital across key technology equipment suppliers.

Bottom Line

Investors tracking Assenagon Asset Management's position should remember that Form 13F disclosures report past activity rather than real-time trades. Market participants will look closely at KLA Corporation's upcoming earnings report on October 28, 2026, for fresh updates on financial performance and demand across semiconductor manufacturing markets. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.