PineStone Asset Management 13F: Adds $48M to KLA (KLAC) Stake

PineStone Asset Management has increased its stake in KLA Corporation (NASDAQ: KLAC), adding 248,700 shares to its position, which now totals 2,418,400 shares valued at approximately $471.4 million. This change was noted in a filing on October 16, 2026. The fund has not opened a new position or exited any holdings in this action.

What Changed in PineStone Asset Management's KLA Corporation Position

PineStone Asset Management boosted its investment in KLA Corporation by 248,700 shares, an increase of about 11.5%. This move reflects the fund's confidence in the semiconductor equipment maker, which is known for its process control solutions.

Other Institutional Activity in KLA Corporation

Several major institutional investors also hold significant interests in KLA Corporation. Blackrock Inc. holds 126,198,653 shares worth about $20.9 billion, having increased its stake by 239,323 shares. Vanguard Capital Management LLC owns 85,323,770 shares valued at approximately $14.1 billion, with a small increase of 127,794 shares. State Street Corporation has 62,892,994 shares worth about $10.4 billion, increasing its position by 1,359,882 shares. Capital World Investors holds 45,318,111 shares valued at roughly $7.5 billion, having added 4,476,266 shares, while Invesco Ltd. has 44,848,852 shares worth about $7.4 billion, increasing its stake by 719,312 shares.

KLA Corporation Stock Down 3.6%

As of October 16, 2026, KLA Corporation's stock is trading at about $168.19, which is below its 50-day moving average of $187.45 and 200-day moving average of $180.81. The stock is currently 45.3% below its 52-week high of $307.37, but 56.9% above its 52-week low of $107.20. The mean price target from analysts is about $232.77, indicating room for potential appreciation from the recent trading price.

Recent Earnings

KLA Corporation reported a trailing twelve-month revenue of approximately $13.58 billion and earnings per share (EPS) of $3.66. The company has shown a year-over-year revenue growth of 15.2%. Its next earnings report is expected on October 28, 2026, which investors will be watching closely.

Dividend

KLA Corporation pays an annual dividend rate of $0.92 per share, resulting in a yield of 0.53%. The company's dividend payout ratio is 21.9%, reflecting a sustainable dividend policy.

Insider Buying and Selling at KLA Corporation

Recent insider selling includes Ahmad A Khan, an officer, who sold 33,180 shares at an average price of $198.95 for a total of about $6.6 million on August 11, 2026. Chief Financial Officer Bren D. Higgins sold 31,500 shares at $209.87, totaling about $6.6 million on August 12, 2026. Officer Brian W. Lorig also sold 59,586 shares at an average price of $208.13, valued at approximately $12.4 million on August 13, 2026. CEO Richard P. Wallace sold 72,019 shares for about $12.4 million on September 15, 2026.

Analysts Set New Price Targets

Several analysts have maintained their ratings on KLA Corporation in recent months. On July 29, 2026, Stifel maintained a Buy rating with a price target of $250, while RBC Capital also kept a Sector Perform rating with a target of $180. Morgan Stanley maintained an Overweight rating with a target of $227 as of October 6, 2026. The consensus recommendation across analysts is a Buy, with a mean price target of $232.77 based on 26 analyst opinions.

About KLA Corporation

KLA Corporation is a leading provider of process control and enabling solutions for manufacturing semiconductors and related materials. The company operates through various segments, including Semiconductor Process Control and Specialty Semiconductor Process. Its recent increase in institutional investment may point to confidence in its growth potential and market position.

Bottom Line

Investors should watch KLA Corporation closely as it approaches its next earnings date on October 28, 2026. The recent boost by PineStone Asset Management reflects strong institutional interest, which may influence the stock's performance moving forward. Keep in mind that 13F filings are backward-looking, so the current holdings may differ from those reported.