Russell Investments Group Ltd. Increases Stock Position in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Russell Investments Group Ltd. increased its stake in MACOM Technology Solutions Holdings, Inc. by 87.1% in Q1, now holding 13,396 shares valued at $1,345,000.
• In its latest earnings report, MACOM Technology Solutions announced an EPS of $0.90, exceeding expectations, with revenue up 32.3% year-over-year.
• Analyst ratings are largely positive, with multiple firms adjusting price targets upwards, reflecting confidence in MACOM's performance and potential.

Russell Investments Group Ltd. grew its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 87.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,396 shares of the semiconductor company's stock after purchasing an additional 6,236 shares during the period. Russell Investments Group Ltd.'s holdings in MACOM Technology Solutions were worth $1,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. raised its position in shares of MACOM Technology Solutions by 3.2% in the first 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 period. OneDigital Investment Advisors LLC raised its position 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 grew its stake in MACOM Technology Solutions by 24.4% during the first quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock valued at $146,000 after acquiring an additional 285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its stake in MACOM Technology Solutions by 18.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock valued at $329,000 after acquiring an additional 502 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. grew its stake in MACOM Technology Solutions by 23.6% during the first quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock valued at $1,395,000 after acquiring an additional 2,655 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

Insider Buying and Selling

In other 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 of the company's stock, valued at approximately $4,229,034.60. This represents a 13.97% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $99,048.00. Following the completion of the sale, the director directly owned 7,189 shares of the company's stock, valued at $890,070.09. This trade represents a 10.01% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,554 shares of company stock worth $3,108,805 in the last ninety days. 16.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

MTSI has been the subject of several recent analyst reports. Truist Financial boosted their price objective 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. Barclays boosted their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. 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. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Finally, Stifel Nicolaus boosted their price objective on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $146.13.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI traded up $2.90 during mid-day trading on Tuesday, reaching $131.05. 771,067 shares of the company were exchanged, compared to its average volume of 869,012. 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 $9.76 billion, a PE ratio of -129.75, a PEG ratio of 2.43 and a beta of 1.49. The company's 50 day moving average price is $133.97 and its 200 day moving average price is $120.50. 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 (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share (EPS) 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 company had revenue of $252.08 million during the quarter, compared to analysts' expectations of $249.89 million. During the same quarter in the prior year, the company earned $0.66 EPS. The firm'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. Sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.