On September 2, MONTAGE TECH fell 3.19% in regular trading, trading at HK$256.2/share, with turnover of approximately HK$54.618 million.

On the news front, CLSA recently lowered its H-share target price from HK$454.2 to HK$433.8, citing a Q2 gross margin decline of 8 percentage points quarter-over-quarter to 61.8%, driven by a rising revenue share from lower-margin products and increased supply chain costs, prompting downward revisions to earnings forecasts. Although the company's interim report showed attributable net profit of RMB 1.997 billion, up 72.3% year-over-year, the A-share had already surged 10.06% on August 27, fully pricing in the results, leading to sustained sell-the-fact profit-taking pressure. Additionally, JPMorgan reduced its H-share position by approximately 517,900 shares on August 21, while Morgan Stanley trimmed its H-share stake to 6.94%, compounding short-term selling pressure.

Separately, Citi recently reiterated a Buy rating on the stock and raised its target price to HK$425, calling MONTAGE TECH one of the best AI infrastructure plays among China semiconductors, though this did not offset the prevailing profit-taking momentum.

(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.)