Movement Alert|MONTAGE TECH Rises 4.1% in Regular Trading, Semiconductor Sector Extends Rally Amid Persistent Buyback Support

Market Focus09:35

On September 21, MONTAGE TECH rose 4.1% in regular trading, trading at HK$293.4/share, with turnover of approximately HK$130 million.

On the news front, the semiconductor sector continued its broad-based rally, with peer stocks including SMIC up 1.84%, HUA HONG GRACE up 2.94%, and INGENIC up 4.98%, reflecting sustained bullish sentiment across the sector. Goldman Sachs recently characterized the rally in memory chip stocks as a signal of early-stage investor re-entry, noting that the pain trade for underweight funds has shifted to the upside.

At the company level, MONTAGE TECH launched a new A-share buyback plan in July with a total budget of RMB 300-600 million. Since September, the company has executed buybacks on nearly every trading day, spending approximately RMB 19-20 million per session. As of the latest disclosure, cumulative buyback spending had reached approximately RMB 183 million. Meanwhile, UBS Group AG increased its stake to 8.13% on September 7, deploying roughly HK$91.3 million, and Morgan Stanley raised its long position to 5.06%. The company also announced a mid-term dividend of HK$2.31 per 10 shares payable on October 21.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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