KLA Slides as Chip Selloff Deepens and Post-Split Momentum Fades

KLA Corporation (KLAC) is down 8.7% today. Here is some analysis on what might have caused this price movement. ([devdiscourse.com](https://www.devdiscourse.com/article/business/3939411-us-stocks-wall-st-tumbles-on-tech-selloff-as-concerns-about-hawkish-fed-ai-spending-mount?utm_source=openai))

Analysis: The most likely driver appears to be a broad semiconductor selloff rather than a new company-specific setback. KLA had also rallied into and just after its June 12 ten-for-one stock split, so today’s decline may reflect profit-taking and valuation pressure on a stock that had recently hit fresh highs. ([devdiscourse.com](https://www.devdiscourse.com/article/business/3939411-us-stocks-wall-st-tumbles-on-tech-selloff-as-concerns-about-hawkish-fed-ai-spending-mount?utm_source=openai))

Details:

Wall Street’s tech retreat on June 23 hit chip stocks especially hard, with the Philadelphia Semiconductor Index down more than 7% as investors worried about a more hawkish Federal Reserve and debt-funded AI spending. ([devdiscourse.com](https://www.devdiscourse.com/article/business/3939411-us-stocks-wall-st-tumbles-on-tech-selloff-as-concerns-about-hawkish-fed-ai-spending-mount?utm_source=openai))

KLA’s investor relations page does not show a fresh negative press release in late June; the latest listed items were investor webcast notices, the April 29 quarterly results, and the May 7 stock-split announcement. ([ir.kla.com](https://ir.kla.com/news-events/press-releases?utm_source=openai))

KLA’s most recent major company update was strong: fiscal third-quarter 2026 revenue reached $3.415 billion, earnings beat guidance midpoints, and management said business momentum remained robust. ([ir.kla.com](https://ir.kla.com/news-events/press-releases/detail/514/kla-corporation-reports-fiscal-2026-third-quarter-results?utm_source=openai))

The stock split became effective after the close on June 11, with split-adjusted trading beginning June 12, which likely helped fuel short-term enthusiasm before the recent reversal. ([ir.kla.com](https://ir.kla.com/sec-filings/all-sec-filings/content/0001193125-26-212093/d116682d8k.htm?utm_source=openai))

Sources:

KLA Investor Relations, KLA SEC Filings, Reuters

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$KLAC Insider Trading Activity

$KLAC insiders have traded $KLAC stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $KLAC stock by insiders over the last 6 months:

RICHARD P WALLACE (President and CEO) sold 4,512 shares for an estimated $9,986,725

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$KLAC Hedge Fund Activity

We have seen 917 institutional investors add shares of $KLAC stock to their portfolio, and 971 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL INTERNATIONAL INVESTORS removed 2,722,695 shares (-50.0%) from their portfolio in Q1 2026, for an estimated $4,008,923,344
FMR LLC added 1,857,271 shares (+73.0%) to their portfolio in Q1 2026, for an estimated $2,734,664,393
M&T BANK CORP added 1,336,280 shares (+8917.5%) to their portfolio in Q4 2025, for an estimated $1,623,687,102
CORIENT PRIVATE WEALTH LLC removed 1,294,875 shares (-96.9%) from their portfolio in Q1 2026, for an estimated $1,906,586,898
PRICE T ROWE ASSOCIATES INC /MD/ removed 1,024,401 shares (-37.9%) from their portfolio in Q1 2026, for an estimated $1,508,338,276
WELLINGTON MANAGEMENT GROUP LLP added 1,002,441 shares (+228.9%) to their portfolio in Q1 2026, for an estimated $1,476,004,152
DAKOTA WEALTH MANAGEMENT removed 804,727 shares (-92.8%) from their portfolio in Q1 2026, for an estimated $1,140,772,947

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$KLAC Government Contracts

We have seen $411,833 of award payments to $KLAC over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$KLAC Congressional Stock Trading

Members of Congress have traded $KLAC stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $KLAC stock by members of Congress over the last 6 months:

REPRESENTATIVE LIZZIE FLETCHER sold up to $15,000 on 04/08.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$KLAC Analyst Ratings

Wall Street analysts have issued reports on $KLAC in the last several months. We have seen 8 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Wells Fargo issued a "Overweight" rating on 04/30/2026
Barclays issued a "Overweight" rating on 01/30/2026
Cantor Fitzgerald issued a "Overweight" rating on 01/30/2026
Stifel issued a "Buy" rating on 01/30/2026
Jefferies issued a "Buy" rating on 01/30/2026
Needham issued a "Buy" rating on 01/20/2026
Bernstein issued a "Outperform" rating on 01/14/2026

To track analyst ratings and price targets for $KLAC, check out Quiver Quantitative's $KLAC forecast page.

$KLAC Price Targets

Multiple analysts have issued price targets for $KLAC recently. We have seen 17 analysts offer price targets for $KLAC in the last 6 months, with a median target of $1875.0.

Here are some recent targets:

Vivek Arya from B of A Securities set a target price of $317.0 on 06/23/2026
Joseph Quatrochi from Wells Fargo set a target price of $305.0 on 06/22/2026
C.J. Muse from Cantor Fitzgerald set a target price of $250.0 on 06/15/2026
Tom O'Malley from Barclays set a target price of $2250.0 on 06/11/2026
Timothy Arcuri from UBS set a target price of $2180.0 on 06/09/2026
Atif Malik from Citigroup set a target price of $2064.0 on 05/01/2026
Krish Sankar from TD Cowen set a target price of $2000.0 on 04/30/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.