Ieq Capital LLC Takes $16.39 Million Position in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Ieq Capital LLC has acquired a new position in MACOM Technology Solutions, investing approximately $16.39 million to purchase 163,273 shares.
• MACOM reported a revenue increase of 32.3% year-over-year in its latest quarterly earnings, achieving $252.08 million, and exceeded earnings estimates by $0.01.
• Analysts have generally given MACOM Technology Solutions a consensus rating of "Moderate Buy" with a price target of $146.13, reflecting positive expectations for the company's future performance.

Ieq Capital LLC bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 163,273 shares of the semiconductor company's stock, valued at approximately $16,389,000. Ieq Capital LLC owned approximately 0.22% of MACOM Technology Solutions at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in MACOM Technology Solutions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock valued at $13,750,000 after buying an additional 4,249 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 27.0% in the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock valued at $242,000 after purchasing an additional 511 shares during the period. GAMMA Investing LLC increased its holdings in shares of MACOM Technology Solutions by 24.4% in the first quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock valued at $146,000 after purchasing an additional 285 shares during the period. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of MACOM Technology Solutions by 18.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock valued at $329,000 after purchasing an additional 502 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its holdings in shares of MACOM Technology Solutions by 23.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock valued at $1,395,000 after purchasing an additional 2,655 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on MTSI shares. Bank of America increased their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a report on Friday, July 18th. Zacks Research raised MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $146.13.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded up $0.12 during midday trading on Tuesday, hitting $128.27. 142,883 shares of the company were exchanged, compared to its average volume of 755,725. The firm has a market capitalization of $9.55 billion, a PE ratio of -127.08, a price-to-earnings-growth ratio of 2.43 and a beta of 1.49. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The business has a fifty day simple moving average of $134.15 and a two-hundred day simple moving average of $120.42. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83.

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 the consensus estimate of $0.89 by $0.01. The firm had revenue of $252.08 million for the quarter, compared to analyst estimates of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.MACOM Technology Solutions's revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period last year, the company earned $0.66 earnings per share. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total transaction of $702,100.00. Following the transaction, the senior vice president owned 15,680 shares in the company, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 transaction, the chief financial officer owned 46,128 shares in the company, valued at $5,692,195.20. This represents a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 23,554 shares of company stock valued at $3,108,805 in the last ninety days. 16.30% of the stock is currently owned by company insiders.

About MACOM Technology Solutions

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.