Gemmer Asset Management 13F: Exits KLA (KLAC) Stake

Gemmer Asset Management sold out its entire position in KLA Corporation (KLAC) as of October 16, 2026. The fund reported a reduction of 1,020 shares, leaving its holding at zero. This sale is reflected in their latest Form 13F filing with the SEC.

What Changed in Gemmer Asset Management's KLA Corporation Position

Gemmer Asset Management completely exited its position in KLA Corporation, selling 1,020 shares. This marks a 100% decrease in their holdings. The total value of the sold shares was approximately $171,000, based on recent market prices.

Other Institutional Activity in KLA Corporation

Several other institutions continue to hold significant positions in KLA Corporation. BlackRock Inc. increased its holdings by 239,323 shares, totaling 126,198,653 shares valued at about $20.92 billion. Vanguard Capital Management LLC added 127,794 shares, bringing its total to 85,323,770 shares worth around $14.14 billion. State Street Corporation raised its stake by 1,359,882 shares, holding 62,892,994 shares valued at about $10.42 billion. Meanwhile, Capital World Investors grew its holdings by 4,476,266 shares, totaling 45,318,111 shares worth roughly $7.51 billion. Invesco Ltd. also increased its position by 719,312 shares, holding 44,848,852 shares valued at around $7.43 billion.

KLA Corporation Stock Down 3.6%

As of October 16, 2026, KLA Corporation shares were recently trading around $168.19. This price is 10.3% below the 50-day moving average of $187.45 and 7.0% below the 200-day moving average of $180.81. Furthermore, the stock is trading about 45.3% lower than its 52-week high of $307.37 but remains 56.9% above its 52-week low of $107.20.

Recent Earnings

KLA Corporation reported trailing-twelve-month revenue of approximately $13.58 billion, with an EPS of $3.66 and a net margin of 35.6%. The company is set to announce its next earnings on October 28, 2026.

Dividend

KLA Corporation pays an annual dividend of $0.92 per share, resulting in a yield of 0.53%. The dividend payout ratio stands at 21.9%.

Insider Buying and Selling at KLA Corporation

Recent insider trading shows several executives selling shares. Ahmad A. Khan, an Officer, sold 33,180 shares at an average price of $198.95 on August 11, 2026, totaling about $6.60 million. Chief Financial Officer Bren D. Higgins sold 31,500 shares at $209.87 on August 12, 2026, valued at $6.61 million. Officer Brian W. Lorig sold 59,586 shares at $208.13 on August 13, 2026, amounting to $12.40 million. CEO Richard P. Wallace sold 72,019 shares at $171.88 on September 15, 2026, worth approximately $12.38 million.

Analysts Set New Price Targets

On July 29, 2026, Stifel maintained its "Buy" rating on KLA Corporation with a price target of $250.00, down from $270.00. RBC Capital also maintained its "Sector Perform" rating with a target of $180.00, up from $170.00. Susquehanna kept its "Neutral" rating with a target of $215.00, down from $275.00. UBS maintained its "Neutral" rating with a target of $200.00, reduced from $215.00. Morgan Stanley, on October 6, 2026, maintained its "Overweight" rating with a target of $227.00, down from $253.00. The consensus among analysts suggests a mean price target of $232.77 with a buy recommendation.

About KLA Corporation

KLA Corporation, based in Milpitas, California, provides solutions for process control and enabling technologies used in semiconductor manufacturing. The company operates in the semiconductor equipment and materials industry, which is pivotal to the production of integrated circuits and other electronic components. Recent market activity, including the exit of Gemmer Asset Management, reflects changing investor sentiments in this space.

Bottom Line

Investors should watch for KLA Corporation's upcoming earnings announcement on October 28, 2026. The recent filing shows a significant exit by Gemmer Asset Management, which may signal shifting investor perspectives in the semiconductor sector. This filing reflects holdings as of the reporting period and may not represent the investor's current position. 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.