Next Century Growth Investors LLC Has $15.10 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Next Century Growth Investors LLC increased its stake in MACOM Technology Solutions by 4.2%, owning approximately 150,404 shares valued at around $15.1 million.
• Several analysts have raised their price targets for MACOM stock, with Truist Financial projecting a target of $154.00 and Benchmark setting it at $160.00, reflecting overall positive sentiment.
• Institutional investors hold 76.14% of MACOM's stock, indicating strong interest from large financial entities in the semiconductor company.

Next Century Growth Investors LLC boosted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 150,404 shares of the semiconductor company's stock after purchasing an additional 6,037 shares during the quarter. MACOM Technology Solutions accounts for approximately 1.3% of Next Century Growth Investors LLC's holdings, making the stock its 22nd biggest position. Next Century Growth Investors LLC owned 0.20% of MACOM Technology Solutions worth $15,098,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake 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 purchasing an additional 4,249 shares during the last quarter. OneDigital Investment Advisors LLC grew its holdings in shares of MACOM Technology Solutions by 27.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 511 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of MACOM Technology Solutions by 24.4% during the 1st quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock worth $146,000 after purchasing an additional 285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of MACOM Technology Solutions by 18.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock worth $329,000 after purchasing an additional 502 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its holdings in shares of MACOM Technology Solutions by 23.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock worth $1,395,000 after purchasing an additional 2,655 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on MTSI. Bank of America boosted 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. Truist Financial increased their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Zacks Research raised shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Barclays increased their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Stifel Nicolaus increased their price target on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $146.13.

MACOM Technology Solutions Price Performance

Shares of MTSI traded up $0.70 during trading hours on Tuesday, hitting $128.85. The stock had a trading volume of 252,750 shares, compared to its average volume of 756,547. The company's fifty day moving average is $134.15 and its two-hundred day moving average is $120.42. 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 Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The stock has a market capitalization of $9.60 billion, a price-to-earnings ratio of -127.87, a P/E/G ratio of 2.43 and a beta of 1.49.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data 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 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 quarter in the prior year, the firm earned $0.66 EPS. The company's revenue 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. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity

In other news, Director Jihye Whang Rosenband sold 800 shares of the firm's stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $123.81, for a total value of $99,048.00. Following the transaction, the director owned 7,189 shares of the company's stock, valued at approximately $890,070.09. This trade represents a 10.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert Dennehy sold 5,000 shares of the firm's stock in a transaction dated 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 transaction, the senior vice president directly owned 15,680 shares in the company, valued at $2,201,785.60. This trade represents a 24.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 23,554 shares of company stock worth $3,108,805. 16.30% of the stock is currently owned by 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.