California State Teachers Retirement System Sells 981 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

California State Teachers Retirement System decreased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 1.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,410 shares of the semiconductor company's stock after selling 981 shares during the quarter. California State Teachers Retirement System owned 0.10% of MACOM Technology Solutions worth $29,824,812 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MTSI. Jupiter Topco LLC acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth approximately $256,612,000. Bank of America Corp DE acquired a new position in shares of MACOM Technology Solutions during the second quarter valued at about $247,732,000. Bessemer Group Inc. grew its holdings in MACOM Technology Solutions by 170,782.0% during the 4th quarter. Bessemer Group Inc. now owns 569,037 shares of the semiconductor company's stock worth $97,465,000 after acquiring an additional 568,704 shares during the last quarter. Norges Bank acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $97,397,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of MACOM Technology Solutions in the 2nd quarter valued at about $204,593,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Down 0.9%

MACOM Technology Solutions stock traded down $2.19 during mid-day trading on Tuesday, hitting $237.43. 547,172 shares of the stock were exchanged, compared to its average volume of 1,444,991. The firm's fifty day simple moving average is $278.43 and its two-hundred day simple moving average is $295.60. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $121.97 and a 12 month high of $418.90. The stock has a market capitalization of $18.13 billion, a price-to-earnings ratio of 76.34, a PEG ratio of 1.52 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 (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. The firm had revenue of $342.24 million for the quarter, compared to analysts' expectations of $336.08 million. During the same quarter in the previous year, the company earned $0.90 earnings per share. The company's revenue for the quarter 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. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current year.

Insider Buying and Selling

In other news, COO Robert Dennehy sold 252 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $275.20, for a total value of $69,350.40. Following the completion of the sale, the chief operating officer owned 12,758 shares in the company, valued at $3,511,001.60. This represents a 1.94% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 dated Thursday, June 25th. The stock was sold at an average price of $383.87, for a total transaction of $1,005,739.40. Following the completion of the transaction, the senior vice president directly owned 29,756 shares of the company's stock, valued at $11,422,435.72. This trade represents a 8.09% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,261 shares of company stock worth $3,484,495 in the last ninety days. 0.36% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on MTSI shares. Benchmark started coverage on shares of MACOM Technology Solutions in a research note on Thursday, August 13th. They issued a "buy" rating and a $375.00 price objective on the stock. Weiss Ratings downgraded MACOM Technology Solutions from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Barclays increased their target price on shares of MACOM Technology Solutions from $400.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, May 22nd. Wall Street Zen upgraded shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Susquehanna lowered 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 research report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, MACOM Technology Solutions currently has a consensus 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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