Circle Wealth Management LLC Makes New $243,000 Investment in MACOM Technology Solutions Holdings, Inc. $MTSI

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 bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 2,420 shares of the semiconductor company's stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also bought and sold shares of MTSI. Mariner LLC lifted its stake in MACOM Technology Solutions by 8.0% in the 4th quarter. Mariner LLC now owns 10,934 shares of the semiconductor company's stock worth $1,420,000 after purchasing an additional 810 shares in the last quarter. Marshall Wace LLP purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $387,000. Canada Pension Plan Investment Board purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $247,000. MetLife Investment Management LLC lifted its stake in MACOM Technology Solutions by 9.4% in the 4th quarter. MetLife Investment Management LLC now owns 32,613 shares of the semiconductor company's stock worth $4,237,000 after purchasing an additional 2,798 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in MACOM Technology Solutions by 83.1% in the 4th quarter. Hsbc Holdings PLC now owns 11,180 shares of the semiconductor company's stock worth $1,461,000 after purchasing an additional 5,075 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on MTSI shares. Zacks Research upgraded shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Stifel Nicolaus increased their price target on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Barclays increased their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Finally, Truist Financial increased their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a report on Monday, July 7th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $146.13.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Jihye Whang Rosenband sold 800 shares of the firm's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $123.81, for a total value of $99,048.00. Following the sale, the director owned 7,189 shares of the company's stock, valued at $890,070.09. This trade represents a 10.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Kober sold 1,000 shares of the firm's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $123.40, for a total transaction of $123,400.00. Following the completion of the sale, the chief financial officer directly owned 46,128 shares in the company, valued at approximately $5,692,195.20. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 40,469 shares of company stock worth $5,191,060. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Trading Up 0.4%

MACOM Technology Solutions stock traded up $0.54 during mid-day trading on Monday, hitting $126.69. The company's stock had a trading volume of 678,024 shares, compared to its average volume of 805,703. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.10. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of -125.44, a price-to-earnings-growth ratio of 2.39 and a beta of 1.38. The business has a 50 day moving average price of $134.69 and a 200-day moving average price of $120.17. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results 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 negative net margin of 7.71% and a positive return on equity of 14.02%. The firm's revenue for the quarter was up 32.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.66 earnings per share. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.