ClearBridge Investments, a global equity manager, recently published second-quarter 2026 commentary for its "SMID Cap Growth Strategy". A copy can be downloaded here. Small and mid-cap (SMID) growth equities experienced the strongest quarter in recent memory, with the Russell 2500 Growth Index rising 24.0%, driven by enthusiasm for AI infrastructure and higher-beta momentum stocks. The Strategy delivered double-digit returns in the quarter but trailed the soaring benchmark. Underperformance was driven by underexposure to top AI infrastructure stocks as well as weaknesses in healthcare and consumer discretionary sectors. The market leadership expanded beyond mega-cap technology, indicating potential opportunities from a broader cyclical recovery and AI adoption. In addition, you can check the Fund's top five holdings to determine its best picks for 2026.
In its Q2 2026 investor letter, ClearBridge SMID Cap Growth Strategy highlighted MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) as a newly added position. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is a high-power **** og semiconductor solutions provider serving applications across radio frequency (RF), microwave, millimeter wave, and lightwave spectrum. On July 10, 2026, MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) closed at $308.52 per share, reflecting a market capitalization of $23.54 billion. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) posted a one-month return of -19.82%, while its shares gained 125.81% over the past 52 weeks.
ClearBridge SMID Cap Growth Strategy the following regarding MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in its Q2 2026 investor update:
"In IT, we added MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) to increase exposure to AI networking and data connectivity growth. MACOM's compound semiconductor expertise offers differentiated exposure to AI, defense and satellite communications."
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 45 hedge fund portfolios held MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) at the end of the first quarter, up from 35 in the previous quarter. In the second quarter of fiscal 2026, MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) reported revenue of $289 million, up 6.4% sequentially and up over 22% year-on-year. While we acknowledge the potential of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
In its Q2 2026 investor letter, ClearBridge SMID Cap Growth Strategy highlighted MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) as a newly added position. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is a high-power **** og semiconductor solutions provider serving applications across radio frequency (RF), microwave, millimeter wave, and lightwave spectrum. On July 10, 2026, MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) closed at $308.52 per share, reflecting a market capitalization of $23.54 billion. MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) posted a one-month return of -19.82%, while its shares gained 125.81% over the past 52 weeks.
ClearBridge SMID Cap Growth Strategy the following regarding MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in its Q2 2026 investor update:
"In IT, we added MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) to increase exposure to AI networking and data connectivity growth. MACOM's compound semiconductor expertise offers differentiated exposure to AI, defense and satellite communications."
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 45 hedge fund portfolios held MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) at the end of the first quarter, up from 35 in the previous quarter. In the second quarter of fiscal 2026, MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) reported revenue of $289 million, up 6.4% sequentially and up over 22% year-on-year. While we acknowledge the potential of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
4 months ago
