HighTower Advisors LLC Sells 6,836 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• HighTower Advisors LLC significantly reduced its stake in MACOM Technology Solutions by 71.2%, selling 6,836 shares, and now holds a total of 2,764 shares valued at approximately $277,000.
• MACOM Technology Solutions reported a 32.3% year-over-year increase in revenue for the last quarter, generating $252.08 million, along with earnings per share of $0.90, exceeding analysts' expectations.
• Institutional investors own over 76% of the company's stock, with several firms, including Nuveen LLC and Townsquare Capital LLC, either buying new stakes or increasing their positions during the first quarter.

HighTower Advisors LLC lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 71.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,764 shares of the semiconductor company's stock after selling 6,836 shares during the quarter. HighTower Advisors LLC's holdings in MACOM Technology Solutions were worth $277,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Nuveen LLC bought a new stake in shares of MACOM Technology Solutions during the first quarter worth $23,767,000. Townsquare Capital LLC raised its position in shares of MACOM Technology Solutions by 39.3% during the first quarter. Townsquare Capital LLC now owns 4,696 shares of the semiconductor company's stock worth $471,000 after acquiring an additional 1,325 shares during the last quarter. National Bank of Canada FI bought a new stake in shares of MACOM Technology Solutions during the first quarter worth $365,000. Swiss National Bank raised its position in shares of MACOM Technology Solutions by 5.0% during the first quarter. Swiss National Bank now owns 119,250 shares of the semiconductor company's stock worth $11,970,000 after acquiring an additional 5,700 shares during the last quarter. Finally, CenterBook Partners LP bought a new stake in shares of MACOM Technology Solutions during the first quarter worth $423,000. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Up 2.3%

Shares of MACOM Technology Solutions stock opened at $131.05 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The business has a 50-day moving average of $133.97 and a two-hundred day moving average of $120.50. The company has a market capitalization of $9.76 billion, a P/E ratio of -129.75, a price-to-earnings-growth ratio of 2.43 and a beta of 1.49. 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 (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $249.89 million. During the same period in the prior year, the company earned $0.66 earnings per share. The company's revenue for the quarter was up 32.3% compared to the same quarter last year. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Truist Financial boosted their target price on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Bank of America boosted their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Barclays increased their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $146.13.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Jihye Whang Rosenband sold 800 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $123.81, for a total value of $99,048.00. Following the completion of the sale, the director directly owned 7,189 shares in the company, valued at $890,070.09. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was 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 owned 30,779 shares of the company's stock, valued at $4,229,034.60. This trade represents a 13.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,180 shares of company stock valued at $1,910,714. 16.30% of the stock is owned by company insiders.

MACOM Technology Solutions 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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