Analog Century Management LP Buys 115,532 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Analog Century Management LP increased its stake in MACOM Technology Solutions by 25%, holding $58.01 million worth of shares, making it the fund's 10th largest position.
• Insider sales were reported, with two senior vice presidents selling a combined total of 10,000 shares, leading to significant decreases in their ownership percentages.
• MACOM Technology Solutions reported a 32.3% year-over-year revenue increase for the last quarter, exceeding revenue estimates and setting positive guidance for future earnings.

Analog Century Management LP raised its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 25.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 577,893 shares of the semiconductor company's stock after purchasing an additional 115,532 shares during the quarter. MACOM Technology Solutions accounts for approximately 4.7% of Analog Century Management LP's holdings, making the stock its 10th biggest position. Analog Century Management LP owned about 0.78% of MACOM Technology Solutions worth $58,009,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of MACOM Technology Solutions by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock valued at $667,171,000 after acquiring an additional 129,201 shares during the period. GW&K Investment Management LLC grew its stake in shares of MACOM Technology Solutions by 9.9% during the 1st quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company's stock valued at $127,990,000 after acquiring an additional 114,780 shares during the period. Millennium Management LLC lifted its holdings in MACOM Technology Solutions by 14.8% in the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock worth $110,513,000 after purchasing an additional 109,529 shares in the last quarter. Jennison Associates LLC lifted its holdings in MACOM Technology Solutions by 18.4% in the 1st quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock worth $63,280,000 after purchasing an additional 97,943 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in MACOM Technology Solutions by 9.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 617,174 shares of the semiconductor company's stock worth $61,952,000 after purchasing an additional 51,531 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research raised MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Truist Financial boosted their price target on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Finally, Barclays upped their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $146.13.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded up $2.90 during trading on Tuesday, reaching $131.05. The stock had a trading volume of 771,065 shares, compared to its average volume of 759,659. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83. The business has a fifty day moving average price of $134.15 and a 200-day moving average price of $120.42. The stock has a market cap of $9.76 billion, a PE ratio of -129.75, a PEG ratio of 2.43 and a beta of 1.49. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50.

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

Insider Transactions at MACOM Technology Solutions

In other news, CEO Stephen G. Daly sold 2,380 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $125.70, for a total value of $299,166.00. Following the sale, the chief executive officer directly owned 24,573 shares of the company's stock, valued at $3,088,826.10. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO John Kober sold 1,000 shares of the business's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $123.40, for a total value of $123,400.00. Following the transaction, the chief financial officer directly owned 46,128 shares in the company, valued at $5,692,195.20. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,554 shares of company stock valued at $3,108,805. Insiders own 16.30% 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.