PensionDanmark Pensionsforsikringsaktieselskab 13F: Cuts KLAC Stake by $3.4M

PensionDanmark trimmed its holdings in KLA Corporation (NasdaqGS: KLAC) by 6.1%, shedding 17,522 shares during the period. The institutional investor disclosed the trade in a Form 13F filing with the SEC on October 19, 2026. After the reduction, the fund owned 268,942 shares of the semiconductor equipment maker, valued at roughly $52.4 million.

KLAC KLA Corporation

$165.74 ▲ +30.52% year to date

1M 3M YTD

Daily close · Oct 16, 2026

What Changed in PensionDanmark's KLA Corporation Position

The fund held 286,464 shares prior to the filing period. By cutting its position by 6.116649910634496%, PensionDanmark wrapped up the quarter with 268,942 shares. The remaining stake carried a reported value of $52,424,864.

Other Institutional Activity in KLA Corporation

Other major institutional investors made large adjustments to their KLA Corporation positions during the same reporting period. Capital International Investors grew its holdings by 8,277,093 shares, a 30.3% increase, ending with 35,558,216 shares worth about $5.9 billion. Primecap Management Company reduced its holdings by 3,839,211 shares, a 15.8% decrease, ending with 20,536,730 shares worth about $3.4 billion.

KLA Corporation Stock Down 4.6%

Shares of KLA Corporation closed at $165.74 on October 16, 2026. The stock recently traded around $166.40 on October 20, 2026, putting it up about 0.4% since the filing date close.

Recent Earnings

KLA Corporation generated trailing-twelve-month revenue of $13,579,475,968 with 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 next earnings release is scheduled for October 28, 2026.

Dividend

The company pays an annual dividend rate of $0.92 per share, which represents a payout ratio of 21.9%.

Insider Buying and Selling at KLA Corporation

Company insiders completed several transactions prior to the filing. On August 11, 2026, Officer Ahmad A Khan sold 33,180 shares at $198.95 for a total of $6,601,161. Chief Financial Officer Bren D. Higgins sold 31,500 shares on August 12, 2026, at $209.87 totaling $6,610,905. Officer Brian W. Lorig sold 59,586 shares on August 13, 2026, at $208.13 totaling $12,401,634. Chief Executive Officer Richard P. Wallace sold 72,019 shares on September 15, 2026, at $171.88 totaling $12,378,626. None of these transactions were reported as planned under a Rule 10b5-1 arrangement.

Analysts Set New Price Targets

Analyst firms adjusted their views on the stock ahead of the filing. On July 29, 2026, Stifel maintained its Buy rating while lowering its target from $270.00 to $250.00. On the same day, 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, cutting 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.

About KLA Corporation

KLA Corporation builds specialized systems and technology used to inspect and manage KLA's manufacturing process for semiconductor wafers, integrated circuits, and printed circuit boards. Its equipment helps chip makers find defects early in production to improve yields.

Bottom Line

Investors will look to KLA Corporation's upcoming earnings report on October 28, 2026, for fresh details on operational performance. Future regulatory filings will show whether institutional managers continue to trim or rebuild their positions in the semiconductor equipment provider.