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 decreased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 71.2% during the 1st 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 period. HighTower Advisors LLC's holdings in MACOM Technology Solutions were worth $277,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Securian Asset Management Inc. raised its stake in shares of MACOM Technology Solutions by 3.2% in the first quarter. Securian Asset Management Inc. now owns 4,517 shares of the semiconductor company's stock valued at $453,000 after buying an additional 139 shares during the period. Sheaff Brock Investment Advisors LLC lifted its holdings in shares of MACOM Technology Solutions by 6.1% during the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 3,282 shares of the semiconductor company's stock worth $329,000 after acquiring an additional 189 shares during the last quarter. ProShare Advisors LLC increased its position in shares of MACOM Technology Solutions by 7.6% during the 4th quarter. ProShare Advisors LLC now owns 2,710 shares of the semiconductor company's stock valued at $352,000 after purchasing an additional 192 shares during the last quarter. Allworth Financial LP increased its position in shares of MACOM Technology Solutions by 131.3% during the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 197 shares during the last quarter. Finally, Elequin Capital LP bought a new position in shares of MACOM Technology Solutions during the 4th quarter valued at about $26,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Jihye Whang Rosenband sold 800 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $123.81, for a total transaction of $99,048.00. Following 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 document filed with the SEC, which is available at this link. Also, CFO John Kober sold 1,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $123.40, for a total value of $123,400.00. Following the completion of the sale, the chief financial officer owned 46,128 shares in the company, valued at approximately $5,692,195.20. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,800 shares of company stock valued at $1,611,548. 16.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on MTSI shares. Stifel Nicolaus increased their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Bank of America raised their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Zacks Research raised MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Truist Financial lifted their target price 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 given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $146.13.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded down $2.03 during mid-day trading on Friday, reaching $129.86. The stock had a trading volume of 979,559 shares, compared to its average volume of 695,054. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The company has a market cap of $9.67 billion, a P/E ratio of -128.57, a price-to-earnings-growth ratio of 2.46 and a beta of 1.49. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The business's 50 day moving average price is $133.34 and its 200 day moving average price is $120.62.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 EPS 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 the consensus estimate of $249.89 million. During the same period in the previous year, the business earned $0.66 earnings per share. The firm'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. Research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.