Alliancebernstein L.P. Purchases 34,214 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Alliancebernstein L.P. increased its stake in MACOM Technology Solutions by 2.4%, holding 1,468,782 shares valued at $147.4 million.
• Several other institutional investors, including AQR Capital Management and Advisors Asset Management, significantly raised their positions in MACOM, which is now 76.14% owned by hedge funds and other institutions.
• Research analysts have a consensus rating of "Moderate Buy" for MACOM with an average price target of $146.13, following recent upgrades from multiple firms.

Alliancebernstein L.P. lifted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 2.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,468,782 shares of the semiconductor company's stock after buying an additional 34,214 shares during the period. Alliancebernstein L.P. owned about 1.98% of MACOM Technology Solutions worth $147,436,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in MTSI. AQR Capital Management LLC increased its holdings in MACOM Technology Solutions by 5,891.8% during the 1st quarter. AQR Capital Management LLC now owns 247,400 shares of the semiconductor company's stock worth $23,510,000 after purchasing an additional 243,271 shares in the last quarter. Nuveen LLC bought a new position in MACOM Technology Solutions during the 1st quarter worth about $23,767,000. Nuveen Asset Management LLC increased its holdings in MACOM Technology Solutions by 129.4% during the 4th quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock worth $42,621,000 after purchasing an additional 185,075 shares in the last quarter. Ieq Capital LLC bought a new position in MACOM Technology Solutions during the 1st quarter worth about $16,389,000. Finally, GAMMA Investing LLC increased its holdings in MACOM Technology Solutions by 12,383.2% during the 1st quarter. GAMMA Investing LLC now owns 146,053 shares of the semiconductor company's stock worth $14,661,000 after purchasing an additional 144,883 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on MTSI. Bank of America raised their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a report on Friday, July 18th. Zacks Research upgraded MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Truist Financial raised their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $146.13.

MACOM Technology Solutions Stock Performance

Shares of MTSI traded up $2.55 during mid-day trading on Wednesday, hitting $132.34. 300,568 shares of the company's stock were exchanged, compared to its average volume of 757,224. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The stock's 50-day simple moving average is $132.93 and its 200-day simple moving average is $120.75. The firm has a market cap of $9.86 billion, a price-to-earnings ratio of -130.84, a price-to-earnings-growth ratio of 2.47 and a beta of 1.49. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, topping the consensus estimate 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 company had revenue of $252.08 million for the quarter, compared to analysts' expectations of $249.89 million. During the same period last year, the firm earned $0.66 earnings per share. The business's revenue for the quarter 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. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other news, major shareholder Susan Ocampo sold 113,275 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $131.41, for a total transaction of $14,885,467.75. Following the transaction, the insider directly owned 4,005,346 shares of the company's stock, valued at approximately $526,342,517.86. This trade represents a 2.75% 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 hyperlink. Also, Director Jihye Whang Rosenband sold 800 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $123.81, for a total transaction of $99,048.00. Following the completion of the transaction, the director directly owned 7,189 shares in the company, valued at $890,070.09. This trade represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 174,256 shares of company stock valued at $22,948,632. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Profile

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.