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 boosted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 14.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 40,700 shares of the semiconductor company's stock after acquiring an additional 5,000 shares during the period. MACOM Technology Solutions accounts for 0.6% of Avalon Global Asset Management LLC's portfolio, making the stock its 29th largest position. Avalon Global Asset Management LLC owned 0.05% of MACOM Technology Solutions worth $4,085,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Corebridge Financial Inc. grew its holdings in MACOM Technology Solutions by 0.3% during the 1st quarter. Corebridge Financial Inc. now owns 65,709 shares of the semiconductor company's stock worth $6,596,000 after acquiring an additional 185 shares during the period. MetLife Investment Management LLC boosted its position in shares of MACOM Technology Solutions by 1.4% during the first quarter. MetLife Investment Management LLC now owns 33,075 shares of the semiconductor company's stock worth $3,320,000 after purchasing an additional 462 shares in the last quarter. Jump Financial LLC bought a new position in shares of MACOM Technology Solutions during the first quarter worth $3,344,000. SVB Wealth LLC bought a new position in shares of MACOM Technology Solutions during the first quarter worth $34,000. Finally, AlphaQuest LLC boosted its position in shares of MACOM Technology Solutions by 74.5% during the first quarter. AlphaQuest LLC now owns 569 shares of the semiconductor company's stock worth $57,000 after purchasing an additional 243 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Stock Down 4.3%

NASDAQ:MTSI traded down $5.74 on Friday, hitting $128.15. 1,105,813 shares of the company's stock were exchanged, compared to its average volume of 863,097. The firm has a 50-day moving average price of $134.36 and a 200-day moving average price of $120.40. 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 Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The company has a market cap of $9.54 billion, a P/E ratio of -126.88, a price-to-earnings-growth ratio of 2.43 and a beta of 1.38.

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

Wall Street Analysts Forecast Growth

MTSI has been the topic of a number of recent analyst reports. Truist Financial lifted their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Bank of America boosted their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, Barclays boosted their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $146.13.

Insider Buying and Selling

In other news, CEO Stephen G. Daly sold 2,380 shares of the company's stock in a transaction dated Friday, June 6th. The shares were 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 approximately $3,088,826.10. This represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Kober sold 1,000 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $123.40, for a total transaction of $123,400.00. Following the completion of the sale, the chief financial officer directly owned 46,128 shares in the company, valued at approximately $5,692,195.20. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,219 shares of company stock worth $4,908,347 in the last 90 days. 16.30% of the stock is owned by corporate 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.