Bank of New York Mellon Corp purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 537,879 shares of the semiconductor company's stock, valued at approximately $204,593,000. Bank of New York Mellon Corp owned 0.70% of MACOM Technology Solutions as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of MTSI. GHP Investment Advisors Inc. bought a new position in MACOM Technology Solutions in the first quarter worth approximately $31,000. Measured Wealth Private Client Group LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $30,000. Advisory Services Network LLC acquired a new stake in MACOM Technology Solutions in the third quarter valued at approximately $25,000. Clearstead Advisors LLC lifted its stake in MACOM Technology Solutions by 156.5% during the fourth quarter. Clearstead Advisors LLC now owns 236 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 144 shares in the last quarter. Finally, Summit Securities Group LLC purchased a new stake in MACOM Technology Solutions in the 1st quarter valued at approximately $55,000. Institutional investors own 76.14% of the company's stock.
Insiders Place Their Bets
In other news, CFO John Kober sold 7,389 shares of the firm's stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $326.08, for a total value of $2,409,405.12. Following the completion of the sale, the chief financial officer directly owned 33,583 shares of the company's stock, valued at approximately $10,950,744.64. This trade represents a 18.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Stephen G. Daly sold 15,828 shares of the firm's stock in a transaction dated Friday, May 29th. The stock was sold at an average price of $365.75, for a total transaction of $5,789,091.00. Following the completion of the sale, the chief executive officer owned 38,389 shares of the company's stock, valued at $14,040,776.75. This trade represents a 29.19% 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 ninety days, insiders sold 25,837 shares of company stock worth $9,204,236. 0.36% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
MTSI has been the topic of several recent analyst reports. HC Wainwright reiterated a "buy" rating on shares of MACOM Technology Solutions in a report on Wednesday, June 3rd. BMO Capital Markets initiated coverage on MACOM Technology Solutions in a research note on Friday. They set a "market perform" rating and a $335.00 price target on the stock. JPMorgan Chase & Co. upped their target price on MACOM Technology Solutions from $240.00 to $345.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Zacks Research cut shares of MACOM Technology Solutions from a "strong-buy" rating to a "hold" rating in a report on Friday, July 24th. Finally, Weiss Ratings lowered MACOM Technology Solutions from a "hold (c+)" rating to a "hold (c)" rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $341.25.
Get Our Latest Report on MACOM Technology Solutions
MACOM Technology Solutions Stock Up 0.2%
Shares of NASDAQ MTSI opened at $266.61 on Friday. MACOM Technology Solutions Holdings, Inc. has a one year low of $121.97 and a one year high of $418.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 1.78. The firm's 50 day simple moving average is $310.66 and its two-hundred day simple moving average is $291.91. The stock has a market capitalization of $20.36 billion, a P/E ratio of 85.73, a PEG ratio of 1.53 and a beta of 1.70.
MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%.The firm had revenue of $342.24 million during the quarter, compared to analyst estimates of $336.08 million. During the same quarter in the prior year, the firm posted $0.90 earnings per share. The business's quarterly revenue was up 35.8% compared to the same quarter last year. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.12 EPS for the current fiscal year.
MACOM Technology Solutions Profile
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Free Report)
MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM's offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.
The company's solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.
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