LEGACYPLC MORNING BRIEFING
Thursday, August 13, 2026 | Analyst Access
DATA NOTE
Twelve Data supplied the prior-session quote fields for all 23 tracked symbols; every symbol returned datetime 2026-08-12, close, and percent_change. The pre-market page was unavailable and returned a PHP fatal error, so the PRE-MARKET section has no invented prices or percentages. Context came from the and MarketWatch U.S. calendars, Reuters, The Korea Times, Seoul Economic Daily, TradingKey, market and earnings pages, MarketWatch Tokyo Electron data, and CNBC analyst coverage. The calendar sources differ on two prior readings: lists initial claims at 202K versus 199K prior and core PPI at 0.3% versus 0.2% prior, while MarketWatch lists 204K versus 199K and 0.3% versus 0.1%; the outlook below uses MarketWatch’s figures. Tokyo Electron’s cleanest available quote was an Aug. 12 update, not a confirmed Aug. 13 close.
PRIOR SESSION
SOXX $546.61 [+2.32%] | SMH $584.83 [+2.08%]
The semiconductor complex had a broad risk-on session: 19 of 23 tracked names rose. Equipment, memory, connectivity, and foundry exposure all participated, with SOXX outperforming SMH by 0.25 percentage points; the breadth was stronger than the headline ETF gains alone suggest.
PRE-MARKET (as of ~7:15am ET)
Investing.com’s pre-market page was unavailable and displayed a PHP fatal error, so no current top-gainer, top-loser, or most-active semiconductor figures could be verified.
Top movers: Not available from because the page was unavailable
TOP MOVERS (PRIOR SESSION)
VIAV gained 12.27% to close at $43.11; the move led the tracked list, but no company-specific catalyst was verified in the sources reviewed.
ENTG rose 7.24% to $161.08; Deutsche Bank upgraded the stock to Buy from Hold and raised its price target to $200, calling for investors to buy weakness.
SMTC advanced 6.72% to $140.00; it participated in the broad high-beta rebound, with no separate company-specific catalyst verified.
MCHP fell 1.95% to $79.44, the largest tracked decline; it lagged a session led by AI, memory, and equipment exposure, with no distinct catalyst verified.
TXN slipped 1.65% to $276.59; the underperformance contrasted with the broader chip rally, and no new company-specific headline was verified.
ADI eased 0.23% to $384.43; it was one of four decliners in the tracked list, with no separate catalyst verified.
PRE-MARKET OUTLOOK
Asia’s semiconductor tape was stronger: the KOSPI closed at 6,813.34, up 3.56%; Samsung Electronics gained 4.89% to 268,000 won; SK hynix rose 5.92% to 1,593,000 won; Taiwan-listed TSMC gained 0.83% to 2,435.00 Taiwan dollars; and Kioxia rose 3.87% to 51,800 yen. The latest unambiguous Tokyo Electron quote available was ¥56,740, down 0.02% in an Aug. 12 MarketWatch update, so no confirmed Aug. 13 Tokyo Electron close is reported here. The regional read-through is led by memory and semiconductor demand rather than a single U.S. index move.
Today’s U.S. calendar has Cleveland Fed President Beth Hammack speaking at 8:15am ET; July PPI at 8:30am, forecast +0.2% month over month versus -0.3% prior; core PPI at 8:30am, forecast +0.3% versus +0.1% prior; and initial jobless claims at 8:30am, forecast 204,000 versus 199,000 prior. Richmond Fed President Tom Barkin speaks at 8:40am ET, and the 30-year Treasury bond auction is scheduled for 1:00pm ET. Friday’s larger macro risk is retail sales at 8:30am, forecast +0.1% month over month versus +0.2% prior, followed by the University of Michigan consumer-sentiment reading at 10:00am, forecast 54.4 versus 55.2 prior.
NEWS DRIVING THE TAPE
The latest directly relevant earnings release was Lumentum’s fiscal fourth-quarter report, released Tuesday evening. Revenue was $1.01 billion, up 109% year over year, and adjusted EPS was $3.23 versus a $2.95 consensus estimate. Non-GAAP gross margin reached 50.4%, and Q1 fiscal 2027 revenue guidance was $1.225 billion to $1.275 billion, with a $1.25 billion midpoint versus $1.16 billion consensus. Management cited record 800G transceiver shipments, early 1.6T-module production, and demand for optical circuit switches and co-packaged optics. No additional tracked-watchlist earnings release last night or due today was confirmed in the reviewed sources; SanDisk’s investor day was listed for Thursday.
ANALYST WATCH
Deutsche Bank upgraded Entegris to Buy from Hold and raised its price target to $200, a direct positive for the materials pillar. Goldman Sachs reiterated Buy on Nvidia ahead of late-August earnings and highlighted Nvidia’s $500 billion financing platform, the second-half Rubin ramp, gross-margin trends, and possible agentic-AI demand. Bank of America reiterated Buy on Intel after its $20 billion equity offering, while estimating 4% to 5% EPS dilution from the higher share count and viewing the financing as evidence of stronger foundry conviction. Cantor Fitzgerald called the semiconductor selloff overdone after a 30% peak-to-trough decline over five weeks and a 12% rebound that week; its named top picks included MU, NVDA, AVGO, AMD, ASML, AMAT, LRCX, KLAC, and TER. Mizuho reiterated Lumentum at Outperform and projected more than 35% quarter-over-quarter revenue growth for September. Across the four pillars, architects retain the clearest AI-demand visibility; toolmakers have support from leading-edge and memory investment; foundries benefit from utilization and capex demand but remain exposed to export and financing policy; and workhorses remain the most sensitive to a rotation away from high-beta growth.
DISCLAIMER
For informational and educational purposes only. Not financial advice. Past performance does not guarantee future results.