Campbell Newman Asset Management 13F: Adds $7.7M to KLAC Stake

Campbell Newman Asset Management increased its position in KLA Corporation KLAC by 12.9%, adding 39,568 shares during the quarter. According to a Form 13F filing with the SEC on October 22, 2026, the fund's total investment grew to 346,008 shares with a reported value of $67,447,339. KLA closed at $147.83 on the filing date.

KLAC KLA Corporation

$147.83 ▲ +16.42% year to date

1M 3M YTD

Daily close · Oct 22, 2026

What Changed in Campbell Newman Asset Management's KLA Corporation Position

The fund previously held 306,440 shares of the semiconductor equipment maker. The addition of 39,568 shares lifts its stake to 346,008 shares, valued at roughly $67.4 million. The fund made this adjustment during a period when broader institutional and insider activity shifted around the chip-tool provider.

Other Institutional Activity in KLA Corporation

Other large institutional investors also adjusted their positions in KLA Corporation during recent reporting periods. Capital International Investors grew its holdings by 8,277,093 shares, ending with 35,558,216 shares worth about $5,256,571,136. Primecap Management Company trimmed its position by 15.8%, selling 3,839,211 shares to finish with 20,536,730 shares valued at approximately $3,035,944,833.

KLA Corporation Stock Down 7.3%

KLA shares recently traded around $154.24 as of October 23, 2026, up about 4.3% from the $147.83 close on October 22. The stock has traded between a 52-week low of $107.20 and a 52-week high of $307.37. It sits below its 50-day moving average of $185.65 and its 200-day moving average of $181.41. The company has a market capitalization of roughly $211.1 billion and a forward P/E ratio of 24.0.

Recent Earnings

KLA Corporation generated trailing-twelve-month revenue of $13.6 billion alongside a net profit margin of 35.6% and a return on equity of 87.5%. The company is scheduled to release its next earnings report on October 28, 2026.

Dividend

KLA Corporation pays an annual dividend rate of $0.92 per share, which translates to a dividend yield of 0.57% with a payout ratio of 21.9%.

Insider Buying and Selling at KLA Corporation

Several company insiders completed stock transactions prior 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 value of $6,601,161. Chief Financial Officer Bren D. Higgins sold 31,500 shares on August 12, 2026, at $209.87 per share totaling $6,610,905. Officer Brian W. Lorig sold 59,586 shares on August 13, 2026, at $208.13 per share for $12,401,634. Chief Executive Officer Richard P. Wallace sold 72,019 shares on September 15, 2026, at $171.88 per share for a total value of $12,378,626.

Analysts Set New Price Targets

Wall Street research firms maintain varied perspectives on the stock. On July 29, 2026, Stifel maintained a Buy rating and lowered its price target from $270.00 to $250.00. On the same date, 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, dropping its target from $275.00 to $215.00. UBS maintained a Neutral rating on September 1, 2026, reducing 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 26 analyst opinions, the stock holds a consensus buy recommendation with a mean price target of $232.38.

About KLA Corporation

Based in Milpitas, California, KLA Corporation provides process control and process-enabling solutions used to manufacture semiconductor wafers, integrated circuits, and printed circuit boards. Its tools help chipmakers detect defects during production to improve yields.

Bottom Line

Investors will look closely at KLA Corporation's upcoming earnings report on October 28, 2026, to gauge demand for its process control equipment. Additional SEC filings will show whether other fund managers continued to adjust their stakes in the semiconductor supplier.