VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 28.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,900 shares of the semiconductor company’s stock after buying an additional 4,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in MACOM Technology Solutions were worth $5,383,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of the business. Versant Capital Management Inc increased its position in MACOM Technology Solutions by 11.0% during the 2nd quarter. Versant Capital Management Inc now owns 342 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 34 shares in the last quarter. Mather Group LLC. raised its stake in MACOM Technology Solutions by 41.0% during the third quarter. Mather Group LLC. now owns 141 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 41 shares during the last quarter. Wedmont Private Capital boosted its holdings in MACOM Technology Solutions by 1.9% in the third quarter. Wedmont Private Capital now owns 2,614 shares of the semiconductor company’s stock worth $745,000 after acquiring an additional 48 shares in the last quarter. SBI Securities Co. Ltd. boosted its holdings in MACOM Technology Solutions by 14.5% in the third quarter. SBI Securities Co. Ltd. now owns 394 shares of the semiconductor company’s stock worth $112,000 after acquiring an additional 50 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in MACOM Technology Solutions by 0.4% in the first quarter. Pacer Advisors Inc. now owns 12,035 shares of the semiconductor company’s stock worth $2,673,000 after acquiring an additional 51 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
MTSI has been the subject of several analyst reports. Wall Street Zen upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Benchmark started 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. Susquehanna dropped their price target on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Weiss Ratings downgraded shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Zacks Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $338.08.
Check Out Our Latest Research Report on MACOM Technology Solutions
Insider Activity at MACOM Technology Solutions
In other MACOM Technology Solutions news, COO Robert Dennehy sold 252 shares of the firm’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $275.20, for a total value of $69,350.40. Following the transaction, the chief operating officer directly owned 12,758 shares of the company’s stock, valued at $3,511,001.60. This trade represents a 1.94% decrease in their position. The transaction was disclosed in a filing 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, SVP Ambra R. Roth sold 653 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The shares were sold at an average price of $300.00, for a total transaction of $195,900.00. Following the transaction, the senior vice president owned 9,184 shares of the company’s stock, valued at approximately $2,755,200. This represents a 6.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 9,321 shares of company stock worth $2,917,644. Company insiders own 0.36% of the company’s stock.
MACOM Technology Solutions Price Performance
MTSI opened at $234.39 on Monday. The company’s 50-day simple moving average is $275.89 and its two-hundred day simple moving average is $282.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34. The stock has a market capitalization of $17.90 billion, a P/E ratio of 75.37, a P/E/G ratio of 0.77 and a beta of 1.82. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $144.06 and a 52-week high of $418.90.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last announced 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 firm had revenue of $342.24 million during the quarter, compared to analyst estimates of $336.08 million. During the same period in the previous year, the business posted $0.90 earnings per share. The business’s revenue for the quarter 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, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current year.
About MACOM Technology Solutions
MACOM Technology Solutions Holdings, Inc develops and manufactures high-performance semiconductor products for applications involving radio frequency, microwave, millimeter-wave, analog, mixed-signal and optical technologies. Its offerings include integrated circuits, discrete components, modules and semiconductor devices designed to support communications, connectivity and sensing systems.
The company serves markets including telecommunications, data centers, aerospace and defense, industrial, automotive and consumer applications.
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