Assenagon Asset Management S.A. Acquires 116,295 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Assenagon Asset Management S.A. lifted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 84.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 253,528 shares of the semiconductor company's stock after purchasing an additional 116,295 shares during the period. Assenagon Asset Management S.A. owned 0.33% of MACOM Technology Solutions worth $72,210,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Jupiter Topco LLC purchased a new stake in MACOM Technology Solutions in the 2nd quarter worth $256,612,000. Bank of America Corp DE bought a new stake in shares of MACOM Technology Solutions in the second quarter worth about $247,732,000. Bank of New York Mellon Corp purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $204,593,000. Deutsche Bank AG bought a new position in MACOM Technology Solutions during the second quarter valued at $137,970,000. Finally, TimesSquare Capital Management LLC purchased a new position in MACOM Technology Solutions in the second quarter worth about $99,499,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, COO Robert Dennehy sold 252 shares of the business's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $275.20, for a total transaction of $69,350.40. Following the completion of the sale, the chief operating officer owned 12,758 shares of the company's stock, valued at approximately $3,511,001.60. The trade was a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ambra R. Roth sold 653 shares of the business's stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $300.00, for a total value of $195,900.00. Following the transaction, the senior vice president directly owned 9,184 shares in the company, valued at $2,755,200. This trade represents a 6.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 8,294 shares of company stock worth $2,674,656. 0.36% of the stock is owned by corporate insiders.

MACOM Technology Solutions Stock Down 3.4%

MACOM Technology Solutions stock opened at $262.24 on Friday. The company has a market capitalization of $20.03 billion, a P/E ratio of 84.32, a PEG ratio of 0.90 and a beta of 1.77. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $133.35 and a fifty-two week high of $418.90. The stock has a 50-day simple moving average of $284.73 and a 200-day simple moving average of $305.56. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. The business 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%. The business's quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.90 earnings per share. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. Equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MTSI shares. Weiss Ratings lowered shares of MACOM Technology Solutions from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday, August 21st. BMO Capital Markets raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and set a $335.00 price target for the company in a research note on Friday, September 18th. Susquehanna dropped their price objective 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. Stifel Nicolaus raised their price target on shares of MACOM Technology Solutions from $385.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Finally, Needham & Company LLC upped their target price on MACOM Technology Solutions from $400.00 to $410.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $341.25.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc NASDAQ: MTSI is a semiconductor company that designs and manufactures high-performance products for telecommunications, data center, industrial, aerospace and defense applications. Its technologies support the generation, transmission, reception and processing of high-frequency signals across radio frequency, microwave, millimeter-wave and optical systems.

The company's product portfolio includes amplifiers, switches, diodes, mixers, modulators, filters, integrated circuits and other components used in wireless infrastructure, optical networks, satellite communications, radar, electronic warfare and test and measurement equipment.

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