Robert Dennehy Sells 4,128 Shares of MACOM Technology Solutions (NASDAQ:MTSI) Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy sold 4,128 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $140.02, for a total transaction of $578,002.56. Following the sale, the senior vice president owned 6,552 shares in the company, valued at approximately $917,411.04. The trade was a 38.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Robert Dennehy also recently made the following trade(s):

• On Thursday, October 2nd, Robert Dennehy sold 5,000 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $127.23, for a total transaction of $636,150.00.

MACOM Technology Solutions Trading Down 0.7%

Shares of NASDAQ:MTSI opened at $139.41 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. The company’s fifty day simple moving average is $129.28 and its 200 day simple moving average is $125.72. The firm has a market cap of $10.38 billion, a price-to-earnings ratio of -138.03, a PEG ratio of 2.08 and a beta of 1.48.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.89 by $0.01. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The business had revenue of $252.08 million for the quarter, compared to analyst estimates of $249.89 million. During the same period last year, the business posted $0.66 earnings per share. The firm’s quarterly revenue was up 32.3% on a year-over-year basis. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial raised their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a “buy” rating in a research report on Monday, July 7th. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Bank of America raised their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Finally, TD Cowen assumed coverage on shares of MACOM Technology Solutions in a research report on Wednesday, October 1st. They issued a “buy” rating and a $150.00 target price for the company. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $146.56.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Hantz Financial Services Inc. grew its position in shares of MACOM Technology Solutions by 174.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 211 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 134 shares during the period. Maseco LLP bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth about $48,000. SVB Wealth LLC bought a new stake in shares of MACOM Technology Solutions during the 1st quarter worth about $34,000. Allworth Financial LP boosted its holdings in shares of MACOM Technology Solutions by 131.3% during the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company’s stock worth $37,000 after buying an additional 197 shares during the period. Finally, Bessemer Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 44.0% during the 2nd quarter. Bessemer Group Inc. now owns 347 shares of the semiconductor company’s stock worth $50,000 after buying an additional 106 shares during the period. Institutional investors own 76.14% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.