AMF Tjanstepension 13F: Cuts KLA (KLAC) Stake by $15M
Key Points
- AMF Tjanstepension sold 77,713 shares of KLA Corporation KLAC during the quarter, bringing its total down to 597,737 shares worth about $116.5 million according to an October 22, 2026 SEC filing.
- Other major funds also adjusted their exposure, as Vest Financial cut its stake by 11.9% to end with 463,625 shares valued at roughly $90.4 million.
- Wall Street analysts maintain a consensus buy rating on the stock with a mean price target of $232.38 ahead of the company's upcoming earnings report on October 28, 2026.
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AMF Tjanstepension reduced its stake in KLA Corporation KLAC by 11.5%, shedding 77,713 shares during the quarter. According to a Form 13F filing with the SEC on October 22, 2026, the fund held 597,737 shares valued at approximately $116.5 million at the close of the period.
KLAC
KLA Corporation
What Changed in AMF Tjanstepension's KLA Corporation Position
The institutional investor trimmed its exposure after previously holding 675,450 shares of the semiconductor equipment maker. The reduction leaves the fund with a sizeable holding worth over $116 million, despite cutting more than 77,000 shares from its portfolio during the reporting period.
Other Institutional Activity in KLA Corporation
Other large investors also adjusted their positions in KLA Corporation around the same time. Vest Financial reduced its holdings by 62,789 shares or 11.9%, ending with 463,625 shares worth about $90.4 million. Capital International Investors grew its holdings by 8,277,093 shares, ending with 35,558,216 shares worth about $5.3 billion. Primecap Management Company trimmed its stake by 3,839,211 shares, ending with 20,536,730 shares valued at roughly $3.0 billion.
KLA Corporation Stock Down 7.3%
Shares recently traded around $154.24, sitting well below its 50-day moving average of $185.65 and its 200-day moving average of $181.41. The stock has traded between a 52-week low of $107.20 and a 52-week high of $307.37.
Recent Earnings
KLA Corporation generated $13.6 billion in trailing twelve-month revenue alongside a net profit margin of 35.6%. The company posted a return on equity of 87.5% and basic trailing earnings per share of $3.66. Investors will look to the upcoming earnings release on October 28, 2026, for further insight into demand for semiconductor manufacturing equipment.
Dividend
The company pays an annual dividend rate of $0.92 per share, giving it a dividend yield of 0.57% with a payout ratio of 21.9%.
Insider Buying and Selling at KLA Corporation
Company insiders were active sellers leading up to the filing. Officer Ahmad A. Khan sold 33,180 shares on August 11, 2026, at an average price of $198.95 for a total of $6.6 million. Chief Financial Officer Bren D. Higgins sold 31,500 shares on August 12, 2026, at $209.87 per share totaling $6.6 million. Officer Brian W. Lorig sold 59,586 shares on August 13, 2026, at $208.13 per share for $12.4 million. Chief Executive Officer Richard P. Wallace sold 72,019 shares on September 15, 2026, at $171.88 per share for a total of $12.4 million.
Analysts Set New Price Targets
Wall Street firms updated their views on the stock leading up to the filing. On July 29, 2026, Stifel maintained its buy rating while lowering its price target to $250.00 from $270.00. RBC Capital maintained a sector perform rating on July 29, 2026, while raising its target to $180.00 from $170.00. Susquehanna maintained a neutral rating on July 29, 2026, reducing its target to $215.00 from $275.00. UBS maintained a neutral rating on September 1, 2026, reducing its target to $200.00 from $215.00. Morgan Stanley maintained an overweight rating on October 6, 2026, lowering its target to $227.00 from $253.00. Across 26 analyst opinions, the stock holds a consensus buy rating with a mean price target of $232.38.
About KLA Corporation
KLA Corporation designs and manufactures process control and yield management systems for the semiconductor industry. Its gear helps chipmakers inspect silicon wafers and integrated circuits for defects during production. Institutional holdings in the firm remain closely watched as a barometer for capital spending across the global chip manufacturing supply chain.
Bottom Line
Investors tracking institutional flows will monitor upcoming quarterly filings to see whether funds continue trimming their exposure to semiconductor equipment providers. KLA Corporation's next earnings report on October 28, 2026, will offer fresh details on operational performance and order trends.
Related Filing Alerts
Source: AMF Tjanstepension's 13F filing on $KLAC (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts