HighTower Advisors LLC Acquires 4,967 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• HighTower Advisors increased its MACOM Technology Solutions stake by 48.4% in the second quarter, acquiring 4,967 shares and ending the period with 15,236 shares valued at approximately $5.8 million. Institutional investors collectively own 76.14% of MTSI.
• Analyst sentiment remains positive overall, with the stock receiving a consensus “Moderate Buy” rating and an average price target of $341.25, despite some analysts lowering their targets.
• MACOM exceeded quarterly expectations, reporting $1.40 in EPS and $342.24 million in revenue, with revenue up 35.8% year over year. However, insiders sold 10,261 shares worth about $3.48 million over the past 90 days.

HighTower Advisors LLC lifted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 48.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,236 shares of the semiconductor company's stock after acquiring an additional 4,967 shares during the period. HighTower Advisors LLC's holdings in MACOM Technology Solutions were worth $5,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Swedbank AB acquired a new position in shares of MACOM Technology Solutions during the first quarter valued at about $13,059,000. Principal Financial Group Inc. lifted its stake in shares of MACOM Technology Solutions by 41.7% in the first quarter. Principal Financial Group Inc. now owns 195,148 shares of the semiconductor company's stock valued at $43,337,000 after buying an additional 57,474 shares during the period. Azzad Asset Management Inc. ADV grew its position in MACOM Technology Solutions by 94.4% during the first quarter. Azzad Asset Management Inc. ADV now owns 20,113 shares of the semiconductor company's stock worth $4,466,000 after buying an additional 9,767 shares in the last quarter. Fifth Third Bancorp grew its position in MACOM Technology Solutions by 2,385.6% during the first quarter. Fifth Third Bancorp now owns 18,468 shares of the semiconductor company's stock worth $4,101,000 after buying an additional 17,725 shares in the last quarter. Finally, Hsbc Holdings PLC increased its stake in MACOM Technology Solutions by 5,004.6% during the fourth quarter. Hsbc Holdings PLC now owns 102,909 shares of the semiconductor company's stock valued at $17,796,000 after acquiring an additional 100,893 shares during the period. Institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on MTSI shares. Stifel Nicolaus upped their price target on MACOM Technology Solutions from $385.00 to $450.00 and gave the company a "buy" rating in a report on Wednesday, June 24th. Susquehanna decreased their price objective on MACOM Technology Solutions from $350.00 to $300.00 and set a "neutral" rating on the stock in a report on Tuesday, July 21st. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Barclays boosted their price objective on MACOM Technology Solutions from $400.00 to $450.00 and gave the company an "overweight" rating in a research report on Friday, May 22nd. Finally, Zacks Research upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $341.25.

Insider Transactions at MACOM Technology Solutions

In related news, CFO John Kober sold 7,389 shares of the firm's stock in a transaction that occurred on 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 transaction, the chief financial officer owned 33,583 shares in the company, valued at $10,950,744.64. This trade represents a 18.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Donghyun Hwang sold 2,620 shares of the firm's stock in a transaction that occurred on Thursday, June 25th. The stock was sold at an average price of $383.87, for a total value of $1,005,739.40. Following the transaction, the senior vice president owned 29,756 shares of the company's stock, valued at $11,422,435.72. This trade represents a 8.09% 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. In the last ninety days, insiders sold 10,261 shares of company stock valued at $3,484,495. Corporate insiders own 0.36% of the company's stock.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $272.43 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $121.97 and a twelve month high of $418.90. The company has a quick ratio of 1.78, a current ratio of 2.34 and a debt-to-equity ratio of 0.04. The stock has a market cap of $20.81 billion, a P/E ratio of 87.60, a PEG ratio of 1.58 and a beta of 1.71. The company's 50-day simple moving average is $281.13 and its 200 day simple moving average is $295.45.

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

About MACOM Technology Solutions

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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