MACOM Technology Solutions (NASDAQ:MTSI) CEO Sells 59,939 Shares of Company Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen Daly sold 59,939 shares of MACOM Technology Solutions stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $245.12, for a total value of $14,692,247.68. Following the completion of the sale, the chief executive officer owned 39,239 shares in the company, valued at $9,618,263.68. This represents a 60.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MACOM Technology Solutions Trading Down 5.6%

Shares of NASDAQ:MTSI traded down $13.75 during midday trading on Friday, reaching $232.01. 1,439,296 shares of the company’s stock were exchanged, compared to its average volume of 1,505,289. The stock has a market cap of $17.72 billion, a price-to-earnings ratio of 53.96, a P/E/G ratio of 0.87 and a beta of 1.82. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $150.80 and a fifty-two week high of $418.90. The firm’s 50 day simple moving average is $269.00 and its two-hundred day simple moving average is $283.13. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.53 and a quick ratio of 1.99.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results 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 firm had revenue of $424.82 million during the quarter, compared to analysts’ expectations of $420.35 million. MACOM Technology Solutions had a return on equity of 22.46% and a net margin of 25.25%. The firm’s revenue was up 62.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 7.56 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MTSI. Versant Capital Management Inc lifted its position in shares of MACOM Technology Solutions by 11.0% in the 2nd quarter. Versant Capital Management Inc now owns 342 shares of the semiconductor company’s stock worth $130,000 after buying an additional 34 shares during the last quarter. Mather Group LLC. boosted its holdings in shares of MACOM Technology Solutions by 41.0% in the 3rd 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 period. Wedmont Private Capital boosted its holdings in shares of MACOM Technology Solutions by 1.9% in the 3rd quarter. Wedmont Private Capital now owns 2,614 shares of the semiconductor company’s stock valued at $745,000 after buying an additional 48 shares during the period. SBI Securities Co. Ltd. grew its position in shares of MACOM Technology Solutions by 14.5% during the 3rd quarter. SBI Securities Co. Ltd. now owns 394 shares of the semiconductor company’s stock valued at $112,000 after buying an additional 50 shares during the last quarter. Finally, Pacer Advisors Inc. grew its position in shares of MACOM Technology Solutions by 0.4% during the 1st quarter. Pacer Advisors Inc. now owns 12,035 shares of the semiconductor company’s stock valued at $2,673,000 after buying an additional 51 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MTSI. BMO Capital Markets raised 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. Raymond James Financial raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 target price for the company in a report on Tuesday, October 27th. Truist Financial decreased their target price on MACOM Technology Solutions from $375.00 to $310.00 and set a “buy” rating for the company in a research report on Friday, November 6th. Needham & Company LLC dropped their price target on MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Finally, Stifel Nicolaus set a $360.00 price target on MACOM Technology Solutions in a research report on Thursday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $316.25.

About MACOM Technology Solutions

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.