Avalon Global Asset Management LLC Buys 5,000 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Avalon Global Asset Management LLC has increased its stake in MACOM Technology Solutions by 14.0%, now owning 40,700 shares valued at approximately $4.09 million, making it the firm’s 29th largest investment.
• Several other institutional investors, including Principal Financial Group and Oppenheimer Asset Management, have also boosted their holdings in MACOM Technology Solutions during the same quarter.
• MACOM Technology Solutions reported a 32.3% year-over-year revenue growth in its latest quarterly earnings, achieving earnings per share of $0.90, slightly exceeding analysts' expectations.

Avalon Global Asset Management LLC lifted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 14.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 40,700 shares of the semiconductor company's stock after buying an additional 5,000 shares during the quarter. MACOM Technology Solutions makes up about 0.6% of Avalon Global Asset Management LLC's investment portfolio, making the stock its 29th largest holding. Avalon Global Asset Management LLC owned approximately 0.05% of MACOM Technology Solutions worth $4,085,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its holdings in MACOM Technology Solutions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock worth $13,750,000 after purchasing an additional 4,249 shares during the period. OneDigital Investment Advisors LLC raised its stake in shares of MACOM Technology Solutions by 27.0% during the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 511 shares in the last quarter. GAMMA Investing LLC raised its position in MACOM Technology Solutions by 24.4% in the first quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock worth $146,000 after acquiring an additional 285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its position in MACOM Technology Solutions by 18.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock worth $329,000 after acquiring an additional 502 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in MACOM Technology Solutions by 23.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock worth $1,395,000 after acquiring an additional 2,655 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

MTSI has been the topic of several recent analyst reports. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Barclays boosted 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. Zacks Research upgraded MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Bank of America boosted their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Benchmark restated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $146.13.

MACOM Technology Solutions Stock Up 3.3%

NASDAQ:MTSI traded up $4.26 during mid-day trading on Thursday, reaching $133.89. The stock had a trading volume of 826,569 shares, compared to its average volume of 853,031. The business's 50 day moving average is $134.54 and its 200 day moving average is $120.37. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The stock has a market cap of $9.97 billion, a P/E ratio of -132.56, a PEG ratio of 2.46 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.10.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.The firm had revenue of $252.08 million for the quarter, compared to the consensus estimate of $249.89 million. During the same quarter in the prior year, the company posted $0.66 earnings per share. The firm's revenue 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. As a group, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Transactions at MACOM Technology Solutions

In related news, Director Jihye Whang Rosenband sold 800 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $123.81, for a total value of $99,048.00. Following the transaction, the director owned 7,189 shares in the company, valued at approximately $890,070.09. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Robert Dennehy sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total value of $702,100.00. Following the completion of the transaction, the senior vice president owned 15,680 shares in the company, valued at $2,201,785.60. This represents a 24.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 38,219 shares of company stock valued at $4,908,347 in the last ninety days. 16.30% of the stock is currently owned by 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.