Next Century Growth Investors LLC Purchases 6,037 Shares of 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 raised its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 1.3% of Next Century Growth Investors LLC's portfolio, making the stock its 22nd largest holding. Next Century Growth Investors LLC owned approximately 0.20% of MACOM Technology Solutions worth $15,098,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the first quarter valued at approximately $25,000. Elequin Capital LP acquired a new stake in MACOM Technology Solutions during the fourth quarter valued at approximately $26,000. Versant Capital Management Inc boosted its holdings in MACOM Technology Solutions by 9,400.0% during the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 282 shares in the last quarter. SVB Wealth LLC acquired a new position in shares of MACOM Technology Solutions in the 1st quarter worth approximately $34,000. Finally, Allworth Financial LP boosted its holdings in shares of MACOM Technology Solutions by 131.3% in the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 197 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Down 4.3%

Shares of MACOM Technology Solutions stock traded down $5.74 on Friday, hitting $128.15. 1,105,813 shares of the company's stock traded hands, compared to its average volume of 863,097. The firm's 50-day moving average price is $134.36 and its two-hundred day moving average price is $120.40. The stock has a market capitalization of $9.54 billion, a PE ratio of -126.88, a price-to-earnings-growth ratio of 2.43 and a beta of 1.38. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. 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 (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The company had revenue of $252.08 million during the quarter, compared to analysts' expectations 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 business's revenue for the quarter was up 32.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total value of $687,000.00. Following the completion of the sale, the senior vice president owned 30,779 shares in the company, valued at $4,229,034.60. This represents a 13.97% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen G. Daly sold 2,380 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $125.70, for a total transaction of $299,166.00. Following the completion of the sale, the chief executive officer owned 24,573 shares of the company's stock, valued at approximately $3,088,826.10. This represents a 8.83% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,219 shares of company stock worth $4,908,347. 16.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MTSI has been the topic of several recent analyst reports. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday, May 9th. Barclays boosted their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Bank of America boosted their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Finally, Truist Financial boosted 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 research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $146.13.

MACOM Technology Solutions Company 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.