Covea Finance Has $4.17 Million Position in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Covea Finance increased its investment in MACOM Technology Solutions by 11.9% during Q2, bringing its total position to 29,100 shares valued at $4.17 million.
• Several analysts have recently upgraded MACOM's stock ratings, with price targets between $146.13 and $160, indicating a consensus of "Moderate Buy".
• MACOM Technology Solutions reported a revenue increase of 32.3% year-over-year, with quarterly earnings per share topping analysts' estimates at $0.90.

Covea Finance boosted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 11.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 29,100 shares of the semiconductor company's stock after buying an additional 3,100 shares during the period. Covea Finance's holdings in MACOM Technology Solutions were worth $4,170,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Sowell Financial Services LLC boosted its position in shares of MACOM Technology Solutions by 3.9% in the second quarter. Sowell Financial Services LLC now owns 2,135 shares of the semiconductor company's stock valued at $306,000 after acquiring an additional 80 shares during the period. State of Wyoming increased its holdings in MACOM Technology Solutions by 8.2% in the 1st quarter. State of Wyoming now owns 1,635 shares of the semiconductor company's stock valued at $164,000 after buying an additional 124 shares during the period. Securian Asset Management Inc. raised its stake in MACOM Technology Solutions by 3.2% during the first quarter. Securian Asset Management Inc. now owns 4,517 shares of the semiconductor company's stock worth $453,000 after acquiring an additional 139 shares in the last quarter. Advisors Asset Management Inc. raised its stake in MACOM Technology Solutions by 49.7% during the first quarter. Advisors Asset Management Inc. now owns 485 shares of the semiconductor company's stock worth $49,000 after acquiring an additional 161 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB raised its stake in MACOM Technology Solutions by 51.7% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 522 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 178 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MTSI shares. Zacks Research raised MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Bank of America boosted their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Truist Financial boosted their price target on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of "Moderate Buy" and a consensus target price of $146.13.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $129.49 on Tuesday. The company has a quick ratio of 3.10, a current ratio of 3.83 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. The stock's 50 day moving average is $131.49 and its 200-day moving average is $121.98. The firm has a market capitalization of $9.64 billion, a price-to-earnings ratio of -128.21, a PEG ratio of 2.41 and a beta of 1.49.

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

Insider Buying and Selling

In other news, major shareholder Susan Ocampo sold 150,424 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $132.43, for a total transaction of $19,920,650.32. Following the transaction, the insider directly owned 3,584,621 shares of the company's stock, valued at $474,711,359.03. This represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total value of $687,000.00. Following the completion of the sale, the senior vice president directly owned 30,779 shares of the company's stock, valued at $4,229,034.60. The trade was a 13.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 753,235 shares of company stock worth $99,772,780 over the last ninety days. 16.30% of the stock is owned by insiders.

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.

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