---
title: "U.S. stock market midday update: Onto Innovation up 7.96%: spent $720 million to acquire Rigaku equity, analysts optimistic about long-term potential"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295570763.md"
description: "Onto Innovation rose 7.96%; ASML rose 2.99%, with a transaction volume of USD 1.972 billion; Applied Materials rose 0.34%, with a transaction volume of USD 1.689 billion; Lam Research rose 1.53%, with a transaction volume of USD 1.33 billion; KLA rose 3.56%, with a market value of USD 260.7 billion"
datetime: "2026-08-11T19:24:15.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295570763.md)
  - [en](https://longbridge.com/en/news/295570763.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295570763.md)
generator: "portal-rs"
---

# U.S. stock market midday update: Onto Innovation up 7.96%: spent $720 million to acquire Rigaku equity, analysts optimistic about long-term potential

**U.S. Stock Market Midday Update**

Onto Innovation rose 7.96%, with increased trading volume. Based on recent key news:

1.  On August 10, Onto Innovation completed the acquisition of a 27% minority stake in Rigaku, with a transaction value of approximately $720 million. This investment deepens the cooperation between the two parties in the semiconductor process control field, driving up the stock price.

2.  On August 11, Onto Innovation announced it will host a company-sponsored analyst event on the New York Stock Exchange and participate in multiple investor meetings. This move aims to strengthen interactions with analysts and investors, enhancing market confidence.

3.  On August 12, despite analysts lowering their target prices, they maintained a positive rating. Analysts believe the company has long-term growth potential in the semiconductor equipment sector, supporting the rise in stock price. The semiconductor industry has recently performed strongly, with significant capital inflows.

**Stocks with High Trading Volume in the Industry**

ASML rose 2.99%. Based on recent key news:

1.  On August 11, strong demand for semiconductor equipment drove ASML's stock price up. The expansion of storage chip production boosted demand for photolithography machines, with ASML's Q2 revenue at €9.3 billion and net profit at €2.9 billion, driven by increased investment in AI infrastructure. Source: Zhitong Finance

2.  On August 11, Intel's stock issuance plan led to a decline in its stock price, while ASML's stock price rose. Intel plans to issue 210.5 million shares at a price of $95 per share. Source: MarketWatch

3.  On August 11, analysts maintained a buy rating for ASML, with a target price of €2,500. Both Bernstein and Bank of America maintained buy ratings, supporting the rise in stock price. Source: Bloomberg The semiconductor industry is experiencing strong demand, with capital inflows into European stocks.

Applied Materials rose 0.34%. Based on recent key news:

1.  On August 10, major financial institutions held an optimistic view on Applied Materials, maintaining or raising target prices, reflecting the company's strong position in data centers and other fields. The stock price rebounded after hitting a low in July, with technical indicators showing that bulls still hold the initiative. Source: Zhitong Finance

2.  On August 9, analysts pointed out that Applied Materials' DRAM exposure is as high as 31%, which may pose risks when the market cycle turns. The volatility of the DRAM market directly affects the stock price performance of Applied Materials. Source: Wall Street Insight

3.  On August 11, a FactSet survey showed analysts raised the target price valuation for Applied Materials to $675, reflecting the market's optimistic expectations for its future growth. Source: FactSet The semiconductor industry has recently performed strongly, with significant capital inflows.

Lam Research rose 1.53%. Based on recent key news:

1.  On August 9, analysts noted that Lam Research's quarterly revenue and earnings per share expectations exceeded market expectations, driving up the stock price. The company raised its capital expenditure expectations for wafer manufacturing equipment to $15 billion, and analysts upgraded their revenue and earnings per share expectations for 2027, enhancing market confidence

2.  On August 10, Lam Research faced legal risks associated with AI usage, including potential violations of software licensing and privacy obligations. This could weaken its intellectual property protection, increase the risk of litigation and regulatory scrutiny, and affect its stock price.

3.  On August 11, market analysis showed that Lam Research's annualized return over the past five years was 27.97%, outperforming the market and attracting investor attention. The demand for AI data centers is driving industry growth.

**Stocks Ranked Among the Top by Market Capitalization in the Industry**

KLA rose 3.56%. Based on recent news,

1.  On August 11, KLA announced a third-quarter dividend of 0.04 Brazilian Reais per unit, with the last trading day on August 13 and a payment date of September 8. This news boosted investor confidence and drove the stock price up.

2.  On August 10, KLA faced risks related to the financial difficulties of its swap trading counterparties, which could lead to significant losses and refinancing and liquidity challenges. Nevertheless, analysts remain optimistic about KLA's stock, with a target price of $238.68, indicating a 20.48% upside potential.

3.  On August 11, executives sold large amounts of stock and submitted SEC Form 144, disclosing millions of dollars in stock sales, which led to negative market sentiment but failed to stop the stock price from rising. Market sentiment is volatile, and attention should be paid to executive selling behavior

### Related Stocks

- [ONTO.US](https://longbridge.com/en/quote/ONTO.US.md)
- [ASML.US](https://longbridge.com/en/quote/ASML.US.md)
- [AMAT.US](https://longbridge.com/en/quote/AMAT.US.md)
- [LRCX.US](https://longbridge.com/en/quote/LRCX.US.md)
- [KLAC.US](https://longbridge.com/en/quote/KLAC.US.md)

## Related News & Research

- [Persistent Asset Partners Ltd Takes $2.25 Million Position in Onto Innovation Inc. $ONTO](https://longbridge.com/en/news/296092444.md)
- [Are Wall Street Analysts Predicting Lam Research Stock Will Climb or Sink?](https://longbridge.com/en/news/296783980.md)
- [Lam Research Corporation $LRCX Shares Sold by Naples Global Advisors LLC](https://longbridge.com/en/news/296759998.md)
- [Mizuho Markets Americas LLC Cuts Stock Position in Lam Research Corporation $LRCX](https://longbridge.com/en/news/296759992.md)
- [Applied Materials Stock (AMAT) Is Named a 'Top Pick' at Goldman Sachs](https://longbridge.com/en/news/296820610.md)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**