Summit Financial Strategies 13F: Exits KLA (KLAC) Stake

Summit Financial Strategies has completely exited its investment in KLA Corporation (NasdaqGS: KLAC), according to a Form 13F filing published on October 14, 2026. 13F filings provide a look at institutional holdings as of the end of the reporting period and may not reflect the fund's current stance.

Inside Summit Financial Strategies's KLA Corporation Trade

The firm sold out its entire stake, unloading all 932 shares it held during the period. Because this was a complete exit, the move represents a 100.0% reduction from its prior position of 932 shares. Institutional investors frequently adjust holdings across their portfolios for various asset allocation reasons, and filings only capture positions at a single point in time.

Other Institutional Activity in KLA Corporation

Blackrock Inc. grew its holdings by 239,323 shares, ending with 126,198,653 shares worth about $20.92 billion following a 0.2% increase. Vanguard Capital Management LLC added 127,794 shares, lifting its stake 0.1% to 85,323,770 shares valued at roughly $14.14 billion. State Street Corporation grew its holdings by 1,359,882 shares, ending with 62,892,994 shares worth about $10.42 billion following a 2.2% increase. Capital World Investors grew its holdings by 4,476,266 shares, ending with 45,318,111 shares worth about $7.51 billion following an 11.0% increase. Invesco Ltd. grew its holdings by 719,312 shares, ending with 44,848,852 shares worth about $7.43 billion following a 1.6% increase.

KLA Corporation Stock Down 3.6%

KLA Corporation shares recently traded around $168.19 as of October 16, 2026. The stock sits below its 50-day moving average of $187.45 and below its 200-day moving average of $180.81. The price is also well below its 52-week high of $307.37, though it remains above its 52-week low of $107.20.

Recent Earnings

KLA Corporation reported trailing-twelve-month revenue of $13.58 billion alongside trailing earnings of $3.66 per share. The company posted a net profit margin of 35.6% and a return on equity of 87.5%. 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, translating 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 executed several transactions prior to the filing. Ahmad A. Khan, Officer, sold 33,180 shares on August 11, 2026, at an average price of $198.95 for a total value of $6,601,161. Bren D. Higgins, Chief Financial Officer, sold 31,500 shares on August 12, 2026, at an average price of $209.87 for a total value of $6,610,905. Brian W. Lorig, Officer, sold 59,586 shares on August 13, 2026, at $208.13 per share for a total value of $12,401,634. Richard P. Wallace, Chief Executive Officer, sold 72,019 shares on September 15, 2026, at an average price of $171.88 for a total value of $12,378,626.

Analysts Set New Price Targets

Wall Street analysts have updated their outlooks on KLA Corporation. On July 29, 2026, Stifel maintains the stock with a Buy rating and a $250.00 price target. On July 29, 2026, RBC Capital maintains the stock with a Sector Perform rating and a $180.00 price target. On July 29, 2026, Susquehanna maintains the stock with a Neutral rating and a $215.00 price target. On September 1, 2026, UBS maintains the stock with a Neutral rating and a $200.00 price target. On October 6, 2026, Morgan Stanley maintains the stock with an Overweight rating and a $227.00 price target. The stock holds a consensus buy rating with a mean price target of $232.77 across 26 analyst opinions.

About KLA Corporation

KLA Corporation builds process control and testing systems for manufacturing semiconductor wafers, integrated circuits, and printed circuit boards. Its equipment helps chipmakers find defects early in production to improve yields.

Bottom Line

Investors will look closely at KLA Corporation's upcoming earnings report on October 28, 2026, for fresh details on operational performance. Institutional 13F reports offer a retrospective look at portfolio adjustments but should be paired with broader market context. 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.