Meeder Advisory Services Inc. purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 1,966 shares of the semiconductor company’s stock, valued at approximately $748,000.
Other hedge funds have also modified their holdings of the company. Whale Rock Capital Management LLC purchased 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 MACOM Technology Solutions by 180.6% during the 3rd quarter. Wellington Management Group LLP now owns 986,438 shares of the semiconductor company’s stock worth $122,802,000 after acquiring an additional 634,903 shares in the last quarter. Bessemer Group Inc. lifted its stake in 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 worth $97,465,000 after acquiring an additional 568,704 shares in the last quarter. Norges Bank purchased a new position in MACOM Technology Solutions during the 4th quarter valued at about $97,397,000. Finally, Bank of New York Mellon Corp purchased a new position in MACOM Technology Solutions during the 2nd quarter valued at about $204,593,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
MTSI has been the subject of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of MACOM Technology Solutions in a report on Wednesday, August 5th. Barclays increased their target price on shares of MACOM Technology Solutions from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, May 22nd. Zacks Research cut shares of MACOM Technology Solutions from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. upped their price objective on MACOM Technology Solutions from $240.00 to $345.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $341.82.
Insider Buying and Selling at MACOM Technology Solutions
In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 2,620 shares of the stock in a transaction on 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 completion of the transaction, the senior vice president owned 29,756 shares in the company, valued at approximately $11,422,435.72. This represents a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the completion of the sale, the chief financial officer owned 33,583 shares of the company’s stock, valued at $10,950,744.64. This trade represents a 18.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 25,837 shares of company stock valued at $9,204,236. 0.36% of the stock is owned by company insiders.
MACOM Technology Solutions Trading Down 1.4%
NASDAQ MTSI opened at $266.18 on Friday. The firm’s fifty day moving average price is $312.93 and its 200 day moving average price is $292.09. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $120.73 and a 12 month high of $418.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 1.78. The company has a market capitalization of $20.33 billion, a price-to-earnings ratio of 85.59, a price-to-earnings-growth ratio of 1.55 and a beta of 1.70.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.05. The company had revenue of $342.24 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.12 earnings per share for the current fiscal year.
About MACOM Technology Solutions
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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