Charles Schwab Investment Management Inc. Purchases 20,095 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in MACOM Technology Solutions by 3.8% during Q1, acquiring an additional 20,095 shares, bringing its total to 552,437 shares valued at approximately $55.45 million.
• CEO Stephen G. Daly sold 14,665 shares of MACOM stock for about $1.8 million, representing a 28.76% decrease in his ownership, while insiders have sold a total of 144,118 shares valued at over $18 million in the last 90 days.
• Analyst ratings for MACOM Technology Solutions are mostly positive, with a consensus "Buy" rating and target prices reaching as high as $160.00, underlining a strong confidence in the company's growth potential.

Charles Schwab Investment Management Inc. lifted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 552,437 shares of the semiconductor company's stock after purchasing an additional 20,095 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.74% of MACOM Technology Solutions worth $55,454,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its holdings in shares of MACOM Technology Solutions by 3.2% in the 1st 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 last quarter. OneDigital Investment Advisors LLC grew its holdings in MACOM Technology Solutions by 27.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock worth $242,000 after acquiring an additional 511 shares during the last quarter. GAMMA Investing LLC grew its holdings in MACOM Technology Solutions by 24.4% during the 1st quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock worth $146,000 after acquiring an additional 285 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in MACOM Technology Solutions by 18.1% during the 1st 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 during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in MACOM Technology Solutions by 23.6% during the 1st 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 during the last quarter. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Trading Down 2.1%

Shares of NASDAQ:MTSI traded down $2.67 during mid-day trading on Tuesday, reaching $121.88. The stock had a trading volume of 212,432 shares, compared to its average volume of 757,474. The firm has a market cap of $9.08 billion, a PE ratio of -120.41, a price-to-earnings-growth ratio of 2.32 and a beta of 1.38. The firm has a 50 day simple moving average of $135.35 and a two-hundred day simple moving average of $120.44. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The business had revenue of $252.08 million for the quarter, compared to the consensus estimate of $249.89 million. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. MACOM Technology Solutions's revenue for the quarter was up 32.3% on a year-over-year basis. During the same period last year, the company posted $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other news, CEO Stephen G. Daly sold 14,665 shares of the company's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $122.71, for a total transaction of $1,799,542.15. Following the completion of the transaction, the chief executive officer directly owned 36,327 shares of the company's stock, valued at $4,457,686.17. This represents a 28.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO John Kober sold 2,250 shares of the company's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $125.65, for a total value of $282,712.50. Following the transaction, the chief financial officer directly owned 47,128 shares of the company's stock, valued at $5,921,633.20. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 144,118 shares of company stock valued at $18,041,599 over the last ninety days. Company insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

MTSI has been the topic of several recent research reports. Bank of America raised their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Truist Financial raised their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Benchmark reaffirmed a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Finally, Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $146.13.

About MACOM Technology Solutions

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.