MACOM Technology Solutions (NASDAQ:MTSI) SVP Sells $195,900.00 in Stock

by · The Markets Daily

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Free Report) SVP Ambra Roth sold 653 shares of the stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $300.00, for a total value of $195,900.00. Following the completion of the sale, the senior vice president owned 9,184 shares of the company’s stock, valued at $2,755,200. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MACOM Technology Solutions Trading Up 2.1%

MTSI traded up $6.70 during midday trading on Monday, hitting $328.30. 1,187,001 shares of the company were exchanged, compared to its average volume of 1,437,923. The firm has a market capitalization of $25.07 billion, a P/E ratio of 105.56, a P/E/G ratio of 1.10 and a beta of 1.77. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $121.97 and a 1-year high of $418.90. The firm’s 50 day moving average price is $275.50 and its 200-day moving average price is $300.26. The company has a quick ratio of 1.78, a current ratio of 2.34 and a debt-to-equity ratio of 0.04.

MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%.The company had revenue of $342.24 million during the quarter, compared to analysts’ expectations of $336.08 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly 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, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Institutional Trading of MACOM Technology Solutions

Hedge funds have recently modified their holdings of the stock. Jupiter Topco LLC acquired a new stake in MACOM Technology Solutions in the second quarter worth $256,612,000. Bank of America Corp DE bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $247,732,000. GW&K Investment Management LLC raised its position in shares of MACOM Technology Solutions by 6.1% during the fourth quarter. GW&K Investment Management LLC now owns 1,217,935 shares of the semiconductor company’s stock worth $208,609,000 after purchasing an additional 70,167 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of MACOM Technology Solutions during the second quarter worth approximately $204,593,000. Finally, Janus Henderson Group PLC lifted 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 worth $174,109,000 after purchasing an additional 105,032 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

MTSI has been the topic of a number of recent analyst reports. Stifel Nicolaus boosted their price target on shares of MACOM Technology Solutions from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target on the stock in a research report on Friday, September 18th. Needham & Company LLC increased their price target on MACOM Technology Solutions from $400.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Finally, Weiss Ratings lowered MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $341.25.

Read Our Latest Stock Analysis on MTSI

MACOM Technology Solutions Company Profile

(Get Free Report)

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.

Further Reading