2,420 Shares in MACOM Technology Solutions Holdings, Inc. $MTSI Acquired by Circle Wealth Management LLC

Key Points

• Circle Wealth Management LLC invested $243,000 in MACOM Technology Solutions, acquiring 2,420 shares in the 1st quarter of 2023, marking a significant entry into the semiconductor company.
• Recent insider trading has seen SVP Donghyun Thomas Hwang and SVP Robert Dennehy sell 5,000 shares each, resulting in ownership declines of 13.97% and 24.18% respectively.
• Analysts have raised their ratings and price targets for MACOM Technology Solutions, with a consensus rating of "Moderate Buy" and an average price target of $146.13.

Circle Wealth Management LLC purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 2,420 shares of the semiconductor company's stock, valued at approximately $243,000.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. increased its holdings in MACOM Technology Solutions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock worth $13,750,000 after buying an additional 4,249 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in MACOM Technology Solutions by 27.0% in the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 511 shares during the period. GAMMA Investing LLC lifted its holdings in shares of MACOM Technology Solutions by 24.4% during the first quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock valued at $146,000 after acquiring an additional 285 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 18.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock valued at $329,000 after acquiring an additional 502 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of MACOM Technology Solutions by 23.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock valued at $1,395,000 after acquiring an additional 2,655 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Jihye Whang Rosenband sold 800 shares of the business's stock in a transaction on Thursday, August 21st. The stock was sold at an average price of $123.81, for a total value of $99,048.00. Following the sale, the director directly owned 7,189 shares in the company, valued at $890,070.09. The trade was a 10.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO John Kober sold 1,000 shares of MACOM Technology Solutions stock in a transaction on Friday, August 8th. The shares were sold at an average price of $123.40, for a total value of $123,400.00. Following the completion of the transaction, the chief financial officer owned 46,128 shares of the company's stock, valued at approximately $5,692,195.20. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,219 shares of company stock valued at $4,908,347. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

Shares of MTSI stock traded up $2.46 on Thursday, hitting $132.09. 368,817 shares of the company's stock were exchanged, compared to its average volume of 754,625. 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 12 month low of $84.00 and a 12 month high of $152.50. The stock has a market cap of $9.84 billion, a P/E ratio of -130.56, a price-to-earnings-growth ratio of 2.43 and a beta of 1.38. The company has a 50 day moving average of $134.54 and a 200 day moving average of $120.29.

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

Analysts Set New Price Targets

A number of analysts recently commented on the company. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Truist Financial boosted their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Stifel Nicolaus upped their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Zacks Research upgraded MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.13.

MACOM Technology Solutions Company 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.