Bank of America Corp DE Makes New Investment in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Bank of America initiated a sizable MACOM Technology Solutions stake, purchasing 651,293 shares worth approximately $247.7 million, or 0.85% of the company. Institutional investors and hedge funds collectively own 76.14% of MTSI.
• MACOM exceeded quarterly expectations, reporting $1.40 in earnings per share versus the $1.35 consensus estimate and $342.24 million in revenue versus $336.08 million expected. Revenue increased 35.8% year over year.
• Analyst sentiment remains positive overall, with a consensus rating of “Moderate Buy” and an average price target of $341.25, although some firms have maintained neutral ratings or lowered their targets. Company insiders sold 10,261 shares worth approximately $3.48 million over the past 90 days.

Bank of America Corp DE bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 651,293 shares of the semiconductor company's stock, valued at approximately $247,732,000. Bank of America Corp DE owned 0.85% of MACOM Technology Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. American Capital Management Inc. acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at approximately $1,379,000. Caisse de depot et placement du Quebec bought a new position in MACOM Technology Solutions in the 2nd quarter valued at approximately $18,790,000. Odyssean LLC acquired a new stake in MACOM Technology Solutions in the second quarter valued at approximately $221,000. Man Group plc acquired a new stake in MACOM Technology Solutions in the second quarter valued at approximately $2,161,000. Finally, Lotus Technology Management LP bought a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at $279,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Up 4.9%

MTSI stock opened at $251.75 on Thursday. The firm has a market capitalization of $19.23 billion, a PE ratio of 80.95, a P/E/G ratio of 1.33 and a beta of 1.71. The company has a quick ratio of 1.78, a current ratio of 2.34 and a debt-to-equity ratio of 0.04. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $121.97 and a twelve month high of $418.90. The stock's 50 day moving average is $276.06 and its 200-day moving average is $295.54.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) 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 return on equity of 17.82% and a net margin of 20.70%.MACOM Technology Solutions's revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Insider Activity

In other news, CFO John Kober sold 7,389 shares of the company's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the transaction, the chief financial officer owned 33,583 shares of the company's stock, valued at $10,950,744.64. This represents a 18.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Donghyun Hwang sold 2,620 shares of the stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $383.87, for a total value of $1,005,739.40. Following the transaction, the senior vice president owned 29,756 shares of the company's stock, valued at $11,422,435.72. The trade was a 8.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,261 shares of company stock valued at $3,484,495 in the last 90 days. Insiders own 0.36% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MTSI. Benchmark started coverage on shares of MACOM Technology Solutions in a report on Thursday, August 13th. They issued a "buy" rating and a $375.00 price objective for the company. Needham & Company LLC boosted their target price on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the stock a "buy" rating in a report on Thursday, August 6th. Weiss Ratings cut shares of MACOM Technology Solutions from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. HC Wainwright reaffirmed a "buy" rating on shares of MACOM Technology Solutions in a research note on Wednesday, June 3rd. Finally, Susquehanna cut their price target on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $341.25.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc NASDAQ: MTSI develops and manufactures high-performance semiconductor products for communications, aerospace and defense, industrial, and test and measurement applications. The company's technologies are designed to support the transmission, processing, and control of high-frequency signals across a range of electronic systems.

Its product portfolio includes radio-frequency, microwave, and millimeter-wave components; analog and mixed-signal devices; compound semiconductor products; and optical components used in communications infrastructure and data-center networks.

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