MACOM Technology Solutions Holdings Set to Join S&P MidCap 400

Rhea-AI Summary

MACOM Technology Solutions Holdings (MTSI) will replace SailPoint Technologies Holdings (SAIL) in the S&P MidCap 400, effective August 17, 2022. This reflects an acquisition of SailPoint by Thoma Brava, pending final conditions. The change is significant as it highlights MACOM's growing presence in the Information Technology sector, while SAIL's removal may indicate challenges ahead. Market investors will closely monitor these developments as they impact stock performance and market positioning.

Positive

• Addition of MACOM Technology Solutions to the S&P MidCap 400 index enhances its market visibility and investor interest.

Negative

• SailPoint Technologies' removal from the S&P MidCap 400 raises concerns about its market position and investor confidence.

NEW YORK, Aug. 12, 2022 /PRNewswire/ -- MACOM Technology Solutions Holdings Inc. (NASD: MTSI) will replace SailPoint Technologies Holdings Inc. (NYSE: SAIL) in the S&P MidCap 400 effective prior to the opening of trading on Wednesday, August 17. Thoma Brava is acquiring SailPoint Technologies Holdings in a deal expected to be completed soon pending final conditions.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date	Index Name	Action	Company Name	Ticker	GICS Sector
August 17, 2022	S&P MidCap 400	Addition	MACOM Technology Solutions Holdings	MTSI	Information Technology
	S&P MidCap 400	Deletion	SailPoint Technologies Holdings	SAIL	Information Technology

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View original content:https://www.prnewswire.com/news-releases/macom-technology-solutions-holdings-set-to-join-sp-midcap-400-301605295.html

SOURCE S&P Dow Jones Indices

FAQ

When will MACOM Technology Solutions join the S&P MidCap 400?

MACOM Technology Solutions will join the S&P MidCap 400 on August 17, 2022.

What does SailPoint Technologies' removal from the S&P MidCap 400 mean?

SailPoint Technologies' removal indicates potential challenges for the company and may affect investor confidence.

Who is acquiring SailPoint Technologies?

SailPoint Technologies is being acquired by Thoma Brava.

What are the stock symbols for MACOM and SailPoint?

MACOM Technology Solutions' stock symbol is MTSI, and SailPoint Technologies' symbol is SAIL.

What sector does MACOM Technology Solutions belong to?

MACOM Technology Solutions operates in the Information Technology sector.