Allworth Financial LP Takes Position in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Allworth Financial initiated a position in MACOM Technology Solutions, purchasing 6,035 shares valued at approximately $2.3 million. Institutional investors collectively own 76.14% of the company.
• Analysts maintain a positive outlook, with MACOM holding a consensus “Moderate Buy” rating and an average price target of $341.25. Recent targets include $375 from Truist Financial and Benchmark.
• MACOM reported quarterly EPS of $1.40, exceeding estimates, while revenue rose 35.8% year over year to $342.24 million. However, insiders have sold 25,837 shares worth roughly $9.2 million over the past three months.

Allworth Financial LP bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 6,035 shares of the semiconductor company's stock, valued at approximately $2,296,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Versant Capital Management Inc grew its holdings in shares of MACOM Technology Solutions by 11.0% during the second quarter. Versant Capital Management Inc now owns 342 shares of the semiconductor company's stock worth $130,000 after purchasing an additional 34 shares during the last quarter. Pacer Advisors Inc. raised its holdings in MACOM Technology Solutions by 0.4% in 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. Northwestern Mutual Investment Management Company LLC boosted its position in MACOM Technology Solutions by 0.4% during the 4th quarter. Northwestern Mutual Investment Management Company LLC now owns 14,329 shares of the semiconductor company's stock worth $2,454,000 after buying an additional 53 shares during the period. Meeder Advisory Services Inc. boosted its position in MACOM Technology Solutions by 3.5% during the 4th quarter. Meeder Advisory Services Inc. now owns 1,889 shares of the semiconductor company's stock worth $324,000 after buying an additional 63 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in MACOM Technology Solutions by 2.4% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,725 shares of the semiconductor company's stock worth $467,000 after acquiring an additional 63 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on MTSI shares. BMO Capital Markets began coverage on MACOM Technology Solutions in a research report on Friday. They issued a "market perform" rating and a $335.00 price target on the stock. Truist Financial lifted their price objective on MACOM Technology Solutions from $261.00 to $375.00 and gave the stock a "buy" rating in a research note on Friday, May 8th. Benchmark assumed coverage on shares of MACOM Technology Solutions in a research report on Thursday, August 13th. They set a "buy" rating and a $375.00 target price for the company. Weiss Ratings restated a "hold (c+)" rating on shares of MACOM Technology Solutions in a research report on Wednesday, August 5th. Finally, HC Wainwright restated a "buy" rating on shares of MACOM Technology Solutions in a report on Wednesday, June 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $341.25.

MACOM Technology Solutions Trading Up 0.2%

Shares of MTSI opened at $266.61 on Friday. The firm has a market cap of $20.36 billion, a P/E ratio of 85.73, a price-to-earnings-growth ratio of 1.53 and a beta of 1.70. 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 business has a 50-day moving average of $310.66 and a 200 day moving average of $291.91. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $121.97 and a fifty-two week high of $418.90.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.35 by $0.05. The company had revenue of $342.24 million during the quarter, compared to the consensus estimate of $336.08 million. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. MACOM Technology Solutions's revenue for the quarter was up 35.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 4.12 EPS for the current year.

Insider Buying and Selling

In other news, SVP Donghyun Thomas Hwang sold 2,620 shares of the firm's stock in a transaction on Thursday, June 25th. The shares were sold at an average price of $383.87, for a total transaction of $1,005,739.40. Following the sale, the senior vice president owned 29,756 shares in the company, valued at approximately $11,422,435.72. This trade represents a 8.09% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of MACOM Technology Solutions stock in a transaction on Monday, August 17th. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the sale, the chief financial officer directly owned 33,583 shares of the company's stock, valued at $10,950,744.64. This represents a 18.03% 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 three months, insiders have sold 25,837 shares of company stock worth $9,204,236. Insiders own 0.36% of the company's stock.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM's offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company's solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.

Want to see what other hedge funds are holding MTSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source