Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) shot up 7.5% on Friday. The stock traded as high as $324.07 and last traded at $324.3120. Approximately 285,947 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 1,433,237 shares. The stock had previously closed at $301.63.
Wall Street Analyst Weigh In
Several analysts recently weighed in on MTSI shares. Weiss Ratings downgraded MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. BMO Capital Markets upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target for the company in a report on Friday, September 18th. Finally, Needham & Company LLC upped their price target on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $341.25.
View Our Latest Stock Analysis on MTSI
MACOM Technology Solutions Stock Up 7.9%
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. The company had revenue of $342.24 million for the quarter, compared to analyst estimates of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%.The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.90 earnings per share. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current year.
Insider Activity at MACOM Technology Solutions
In other MACOM Technology Solutions news, CFO John Kober sold 7,389 shares of MACOM Technology Solutions stock in a transaction on Monday, August 17th. The shares were sold at an average price of $326.08, for a total value of $2,409,405.12. Following the transaction, the chief financial officer directly owned 33,583 shares of the company’s stock, valued at approximately $10,950,744.64. The trade was a 18.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Dennehy sold 252 shares of MACOM Technology Solutions stock in a transaction on Friday, August 28th. The stock was sold at an average price of $275.20, for a total transaction of $69,350.40. Following the completion of the transaction, the chief operating officer directly owned 12,758 shares in the company, valued at $3,511,001.60. This represents a 1.94% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 0.36% of the company’s stock.
Institutional Trading of MACOM Technology Solutions
Institutional investors have recently made changes to their positions in the business. Bell Investment Advisors Inc purchased a new stake in MACOM Technology Solutions in the second quarter valued at about $49,000. Burkett Financial Services LLC purchased a new stake in shares of MACOM Technology Solutions during the third quarter worth about $38,000. GHP Investment Advisors Inc. acquired a new position in shares of MACOM Technology Solutions during the first quarter valued at about $31,000. Keating Financial Advisory Services Inc. acquired a new position in shares of MACOM Technology Solutions during the second quarter valued at about $58,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of MACOM Technology Solutions during the second quarter valued at about $67,000. Institutional investors and hedge funds own 76.14% of the company’s stock.
About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc (NASDAQ: MTSI) is a semiconductor company that designs and manufactures high-performance products for telecommunications, data center, industrial, aerospace and defense applications. Its technologies support the generation, transmission, reception and processing of high-frequency signals across radio frequency, microwave, millimeter-wave and optical systems.
The company’s product portfolio includes amplifiers, switches, diodes, mixers, modulators, filters, integrated circuits and other components used in wireless infrastructure, optical networks, satellite communications, radar, electronic warfare and test and measurement equipment.
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