On August 19, MACOM Technology Solutions Holdings, Inc. fell 5.18% in regular trading, trading at $272.485/share, with turnover of $133 million.

The decline comes amid a broader semiconductor sector rout as the U.S. 30-year Treasury yield surged to a 19-year high, fueled by growing concerns over the U.S. fiscal deficit and persistent inflation. The Philadelphia Semiconductor Index dropped nearly 5% in the prior session, with MACOM among the hardest hit, falling over 10%. The spike in long-term bond yields has pressured high-valuation growth sectors, with semiconductors bearing the brunt of the selloff.

Within the Semiconductors sector, Broadcom fell 5.54%, Intel fell 5.05%, Micron Technology fell 2.2%, NVIDIA fell 1.23%, while Marvell Technology rose 6.66%. Despite reporting better-than-expected fiscal Q3 results earlier this month with adjusted EPS of $1.40 versus a $1.35 estimate and revenue of $342.2 million beating the $335.4 million consensus, MACOM has given back post-earnings gains as macro headwinds overwhelm company-specific fundamentals.

(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.)