AQR Capital Management LLC Buys 243,271 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• AQR Capital Management LLC significantly increased its stake in MACOM Technology Solutions Holdings, Inc. by 5,891.8% in Q1, owning 247,400 shares valued at approximately $23.5 million.
• The semiconductor company reported $0.90 EPS for the latest quarter, beating expectations, with revenue increasing by 32.3% year-over-year.
• Research analysts have a consensus rating of "Moderate Buy" for MACOM Technology Solutions, with a price target averaging around $146.13.

AQR Capital Management LLC raised its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 5,891.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 247,400 shares of the semiconductor company's stock after purchasing an additional 243,271 shares during the quarter. AQR Capital Management LLC owned 0.33% of MACOM Technology Solutions worth $23,510,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Elequin Capital LP acquired a new stake in MACOM Technology Solutions during the 4th quarter valued at $26,000. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the first quarter worth $25,000. Versant Capital Management Inc increased its stake in shares of 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 acquiring an additional 282 shares during the last quarter. SVB Wealth LLC acquired a new position in shares of MACOM Technology Solutions in the first quarter worth $34,000. Finally, Allworth Financial LP increased its stake in shares of 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 acquiring an additional 197 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MACOM Technology Solutions

In other news, CFO John Kober sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $123.40, for a total transaction of $123,400.00. Following the completion of the sale, the chief financial officer owned 46,128 shares of the company's stock, valued at approximately $5,692,195.20. This trade represents a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The stock was sold at an average price of $137.40, for a total transaction of $687,000.00. Following the sale, the senior vice president directly owned 30,779 shares of the company's stock, valued at approximately $4,229,034.60. The trade was a 13.97% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 395,376 shares of company stock valued at $52,285,626. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded up $0.80 during mid-day trading on Friday, hitting $131.87. The company's stock had a trading volume of 938,313 shares, compared to its average volume of 691,078. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. 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 capitalization of $9.82 billion, a price-to-earnings ratio of -130.56, a P/E/G ratio of 2.49 and a beta of 1.49. The stock has a fifty day moving average of $132.38 and a 200-day moving average of $121.03.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The company had revenue of $252.08 million during the quarter, compared to analyst estimates of $249.89 million. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The company's revenue was up 32.3% on a year-over-year basis. During the same quarter last year, the business posted $0.66 earnings per share. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

MTSI has been the topic of a number of research reports. 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. Wall Street Zen upgraded shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Stifel Nicolaus upped their price target on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a report on Friday, July 18th. Bank of America upped their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Truist Financial increased their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research note on Monday, July 7th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $146.13.

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.