MACOM Technology Solutions Holdings, Inc. $MTSI Shares Acquired by Cubist Systematic Strategies LLC

Key Points

• Cubist Systematic Strategies LLC increased its stake in MACOM Technology Solutions by 56.9% during the first quarter, owning 82,064 shares valued at approximately $8.24 million.
• A number of analysts have upgraded their ratings on MACOM Technology Solutions, with the stock now holding a consensus rating of "Moderate Buy" and an average target price of $146.13.
• The semiconductor company reported a 32.3% year-over-year revenue increase to $252.08 million in its latest quarterly results, exceeding analysts' expectations.

Cubist Systematic Strategies LLC increased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 56.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,064 shares of the semiconductor company's stock after acquiring an additional 29,746 shares during the period. Cubist Systematic Strategies LLC owned approximately 0.11% of MACOM Technology Solutions worth $8,238,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the first quarter worth about $25,000. Elequin Capital LP bought a new stake in MACOM Technology Solutions in the fourth quarter worth about $26,000. Versant Capital Management Inc lifted its stake in MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 282 shares during the last quarter. SVB Wealth LLC bought a new stake in MACOM Technology Solutions in the first quarter worth about $34,000. Finally, Allworth Financial LP lifted its stake in MACOM Technology Solutions by 131.3% in the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTSI. Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Zacks Research raised shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Truist Financial boosted their price objective on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Bank of America boosted their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Finally, Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $146.13.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Jihye Whang Rosenband sold 800 shares of the company's stock in a transaction on Thursday, August 21st. The shares were sold at an average price of $123.81, for a total value of $99,048.00. Following the sale, the director directly owned 7,189 shares of the company's stock, valued at approximately $890,070.09. This represents a 10.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Dennehy sold 5,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the completion of the sale, the senior vice president directly owned 15,680 shares in the company, valued at approximately $2,201,785.60. The trade was a 24.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 11,800 shares of company stock valued at $1,611,548 in the last three months. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI traded up $0.20 during trading hours on Monday, reaching $130.06. 183,433 shares of the company traded hands, compared to its average volume of 756,031. The stock has a market capitalization of $9.69 billion, a P/E ratio of -128.78, a P/E/G ratio of 2.46 and a beta of 1.49. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The business has a fifty day moving average price of $133.34 and a 200-day moving average price of $120.62.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The firm had revenue of $252.08 million for the quarter, compared to analyst estimates of $249.89 million. During the same period in the previous year, the company earned $0.66 earnings per share. The business's quarterly revenue 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. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.