Engineers Gate Manager LP Acquires New Holdings in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Engineers Gate Manager LP acquired 4,428 shares of MACOM Technology Solutions worth approximately $1.68 million during the second quarter. Institutional investors collectively own 76.14% of the company.
• Analysts remain generally positive, with MACOM receiving a consensus “Moderate Buy” rating and an average price target of $341.25, despite recent insider selling under pre-arranged trading plans.
• MACOM exceeded quarterly expectations, reporting $1.40 in EPS and $342.24 million in revenue, with revenue up 35.8% year over year. Shares opened at $251.75, well below their 52-week high of $418.90.

Engineers Gate Manager LP purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,428 shares of the semiconductor company's stock, valued at approximately $1,684,000.

Several other large investors also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC bought a new stake in MACOM Technology Solutions during the second quarter valued at about $710,000. NewEdge Advisors LLC grew its stake in MACOM Technology Solutions by 147.3% during the second quarter. NewEdge Advisors LLC now owns 3,368 shares of the semiconductor company's stock valued at $1,281,000 after acquiring an additional 2,006 shares in the last quarter. Allworth Financial LP increased its holdings in MACOM Technology Solutions by 91.2% in the 2nd quarter. Allworth Financial LP now owns 6,035 shares of the semiconductor company's stock valued at $2,296,000 after acquiring an additional 2,879 shares during the last quarter. Arizona State Retirement System increased its holdings in MACOM Technology Solutions by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 18,628 shares of the semiconductor company's stock valued at $7,086,000 after acquiring an additional 85 shares during the last quarter. Finally, West Family Investments Inc. purchased a new stake in MACOM Technology Solutions in the 2nd quarter worth $234,000. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MTSI has been the subject of a number of research analyst reports. BMO Capital Markets started coverage on MACOM Technology Solutions in a research report on Friday, August 21st. They set a "market perform" rating and a $335.00 price objective for the company. Benchmark initiated coverage on MACOM Technology Solutions in a research report on Thursday, August 13th. They issued a "buy" rating and a $375.00 target price on the stock. Needham & Company LLC increased their price target on MACOM Technology Solutions from $400.00 to $410.00 and gave the company a "buy" rating in a research note on Thursday, August 6th. Barclays raised their price target on MACOM Technology Solutions from $400.00 to $450.00 and gave the company an "overweight" rating in a report on Friday, May 22nd. Finally, Weiss Ratings downgraded MACOM Technology Solutions from a "hold (c+)" rating to a "hold (c)" rating in a research note on Friday, August 21st. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $341.25.

Insider Activity

In other news, COO Robert Dennehy sold 252 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of $275.20, for a total value of $69,350.40. Following the sale, the chief operating officer owned 12,758 shares of the company's stock, valued at approximately $3,511,001.60. This represents a 1.94% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of the firm's stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the completion of the sale, the chief financial officer owned 33,583 shares of the company's stock, valued at $10,950,744.64. This trade represents a 18.03% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 10,261 shares of company stock valued at $3,484,495. 0.36% of the stock is currently owned by company insiders.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $251.75 on Thursday. The stock has a market cap of $19.23 billion, a price-to-earnings ratio of 80.95, a price-to-earnings-growth ratio of 1.33 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34. The stock has a 50 day moving average price of $276.06 and a 200-day moving average price of $295.54. MACOM Technology Solutions Holdings, Inc. has a one year low of $121.97 and a one year high of $418.90.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.35 by $0.05. The company had revenue of $342.24 million for the quarter, compared to analyst estimates of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%.MACOM Technology Solutions's quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current year.

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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