Lisanti Capital Growth LLC acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,695 shares of the semiconductor company’s stock, valued at approximately $1,405,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Whale Rock Capital Management LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter worth $134,164,000. Wellington Management Group LLP lifted its stake in shares of MACOM Technology Solutions by 180.6% in the 3rd quarter. Wellington Management Group LLP now owns 986,438 shares of the semiconductor company’s stock valued at $122,802,000 after acquiring an additional 634,903 shares during the last quarter. Bessemer Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 170,782.0% during the 4th quarter. Bessemer Group Inc. now owns 569,037 shares of the semiconductor company’s stock valued at $97,465,000 after acquiring an additional 568,704 shares in the last quarter. Norges Bank acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $97,397,000. Finally, Bank of New York Mellon Corp bought a new stake in MACOM Technology Solutions during the 2nd quarter worth $204,593,000. Institutional investors own 76.14% of the company’s stock.
Insider Activity
In related news, CFO John Kober sold 7,389 shares of the stock in a transaction on Monday, August 17th. The stock was sold at an average price of $326.08, for a total value of $2,409,405.12. Following the sale, the chief financial officer owned 33,583 shares in the company, valued at approximately $10,950,744.64. This trade represents a 18.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Donghyun Thomas Hwang sold 2,620 shares of the business’s stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $383.87, for a total value of $1,005,739.40. Following the transaction, the senior vice president owned 29,756 shares of the company’s stock, valued at approximately $11,422,435.72. The trade was a 8.09% 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 sold 25,837 shares of company stock worth $9,204,236 in the last three months. Corporate insiders own 0.36% of the company’s stock.
MACOM Technology Solutions Stock Performance
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. The company had revenue of $342.24 million for the quarter, compared to analysts’ expectations of $336.08 million. During the same quarter in the previous year, the firm posted $0.90 EPS. MACOM Technology Solutions’s revenue was up 35.8% on a year-over-year basis. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 4.12 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. Benchmark initiated coverage on MACOM Technology Solutions in a report on Thursday, August 13th. They issued a “buy” rating and a $375.00 target price for the company. Weiss Ratings reissued a “hold (c+)” rating on shares of MACOM Technology Solutions in a research note on Wednesday, August 5th. Truist Financial boosted their price target on MACOM Technology Solutions from $261.00 to $375.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Stifel Nicolaus upped their price objective on MACOM Technology Solutions from $385.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Finally, Needham & Company LLC raised their price target on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $341.82.
Read Our Latest Report on MTSI
MACOM Technology Solutions Company Profile
MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.
The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.
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