MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) SVP Ambra Roth sold 9,497 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $226.65, for a total transaction of $2,152,495.05. Following the sale, the senior vice president owned 15,666 shares of the company’s stock, valued at $3,550,698.90. This represents a 37.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
MACOM Technology Solutions Trading Up 9.0%
Shares of MTSI stock traded up $19.02 during trading on Monday, hitting $230.00. 3,600,341 shares of the stock traded hands, compared to its average volume of 1,786,318. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $150.80 and a 52-week high of $418.90. The firm has a market capitalization of $17.57 billion, a P/E ratio of 53.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.82. The firm’s fifty day moving average price is $270.22 and its 200-day moving average price is $282.83. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 1.78.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.09. The company had revenue of $424.82 million during the quarter, compared to analyst estimates of $420.35 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%. The firm’s revenue for the quarter was up 62.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 earnings per share. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 7.09 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several analysts recently issued reports on MTSI shares. BMO Capital Markets upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price objective on the stock in a report on Friday, September 18th. Stifel Nicolaus set a $360.00 target price on shares of MACOM Technology Solutions in a research note on Thursday. Zacks Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. Benchmark assumed coverage on shares of MACOM Technology Solutions in a research note on Thursday, August 13th. They issued a “buy” rating and a $375.00 price target on the stock. Finally, Needham & Company LLC reduced their price target on shares of MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.25.
View Our Latest Stock Report on MTSI
Institutional Investors Weigh In On MACOM Technology Solutions
Institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC raised its holdings in shares of MACOM Technology Solutions by 15.5% in the 1st quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock valued at $174,109,000 after buying an additional 105,032 shares during the period. Jupiter Topco LLC purchased a new position in MACOM Technology Solutions during the 2nd quarter valued at about $256,612,000. Bank of America Corp DE purchased a new position in MACOM Technology Solutions during the 2nd quarter valued at about $247,732,000. Bank of New York Mellon Corp acquired a new position in MACOM Technology Solutions in the 2nd quarter valued at about $204,593,000. Finally, Bessemer Group Inc. grew its position in MACOM Technology Solutions by 0.5% in the 3rd quarter. Bessemer Group Inc. now owns 531,679 shares of the semiconductor company’s stock valued at $151,433,000 after acquiring an additional 2,617 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.
MACOM Technology Solutions Company Profile
MACOM Technology Solutions designs and supplies semiconductor products for applications that use radio frequency, microwave, millimeter-wave and optical signals. Its products include amplifiers, switches, diodes, mixers, attenuators and other components used in communications and electronic systems.
The company serves customers in markets including telecommunications, data centers, aerospace and defense, and industrial applications. Its components are used in equipment such as wireless infrastructure, high-speed optical networks, radar and test systems.
Headquartered in Lowell, Massachusetts, MACOM traces its history to Microwave Associates, founded in 1950.
Featured Articles
- Five stocks we like better than MACOM Technology Solutions
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for MACOM Technology Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MACOM Technology Solutions and related companies with MarketBeat.com's FREE daily email newsletter.
