Amundi Purchases 25,121 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Amundi increased its MACOM Technology Solutions stake by 15.5% in the first quarter, purchasing 25,121 shares to own 187,067 shares valued at approximately $41.5 million. Institutional investors collectively hold 76.14% of the company.
• Analyst sentiment remains positive overall, with a “Moderate Buy” consensus and an average price target of $330.45, though some firms recently downgraded the stock or lowered their targets.
• MACOM beat quarterly earnings and revenue expectations, reporting $1.09 EPS and $288.95 million in revenue, up 22.5% year over year. However, insiders sold 74,378 shares worth $27.7 million over the past 90 days.

Amundi increased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 15.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 187,067 shares of the semiconductor company's stock after purchasing an additional 25,121 shares during the period. Amundi owned 0.25% of MACOM Technology Solutions worth $41,542,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Swedbank AB purchased a new position in MACOM Technology Solutions during the first quarter valued at $13,059,000. Principal Financial Group Inc. grew its stake in shares of MACOM Technology Solutions by 41.7% in the first quarter. Principal Financial Group Inc. now owns 195,148 shares of the semiconductor company's stock worth $43,337,000 after acquiring an additional 57,474 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of MACOM Technology Solutions by 94.4% during the first quarter. Azzad Asset Management Inc. ADV now owns 20,113 shares of the semiconductor company's stock valued at $4,466,000 after acquiring an additional 9,767 shares in the last quarter. Fifth Third Bancorp increased its holdings in shares of MACOM Technology Solutions by 2,385.6% during the first quarter. Fifth Third Bancorp now owns 18,468 shares of the semiconductor company's stock valued at $4,101,000 after acquiring an additional 17,725 shares in the last quarter. Finally, Hsbc Holdings PLC raised its position in shares of MACOM Technology Solutions by 5,004.6% in the 4th quarter. Hsbc Holdings PLC now owns 102,909 shares of the semiconductor company's stock worth $17,796,000 after purchasing an additional 100,893 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MTSI. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $250.00 to $400.00 and gave the company a "buy" rating in a research report on Friday, May 8th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of MACOM Technology Solutions in a report on Friday, May 8th. Susquehanna dropped their target price on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a "neutral" rating on the stock in a research note on Tuesday, July 21st. Zacks Research cut shares of MACOM Technology Solutions from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Finally, Truist Financial raised their price target on shares of MACOM Technology Solutions from $261.00 to $375.00 and gave the company a "buy" rating in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions has an average rating of "Moderate Buy" and an average target price of $330.45.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $251.44 on Monday. MACOM Technology Solutions Holdings, Inc. has a one year low of $118.16 and a one year high of $418.90. The business's fifty day moving average is $336.21 and its 200 day moving average is $285.04. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.52 and a quick ratio of 5.84. The stock has a market capitalization of $19.18 billion, a PE ratio of 108.85, a price-to-earnings-growth ratio of 2.06 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.07 by $0.02. The firm had revenue of $288.95 million for the quarter, compared to the consensus estimate of $285.20 million. MACOM Technology Solutions had a net margin of 16.46% and a return on equity of 16.01%. The business's quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 EPS. MACOM Technology Solutions has set its Q3 2026 guidance at 1.310-1.370 EPS. On average, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 3.68 EPS for the current year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Charles R. Bland sold 800 shares of the business's stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $380.00, for a total transaction of $304,000.00. Following the completion of the sale, the director directly owned 14,338 shares in the company, valued at approximately $5,448,440. The trade was a 5.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter Y. Chung sold 43,268 shares of the stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $378.20, for a total value of $16,363,957.60. Following the transaction, the director directly owned 6,781 shares in the company, valued at $2,564,574.20. The trade was a 86.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 74,378 shares of company stock worth $27,732,022 in the last 90 days. 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.

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