MACOM Technology Solutions Holdings, Inc. $MTSI Shares Purchased by TD Asset Management Inc

Key Points

• TD Asset Management Inc. significantly increased its holdings in MACOM Technology Solutions by 649.6% during the second quarter, acquiring a total of 114,744 shares valued at approximately $16.4 million.
• MACOM Technology Solutions reported an earnings per share (EPS) of $0.90 for the most recent quarter, surpassing analyst expectations and showing a revenue increase of 32.3% year-over-year.
• Insider trading activity has been notable, with key executives selling substantial shares; for instance, major shareholder Susan Ocampo sold over 102,000 shares valued at approximately $14.3 million.

TD Asset Management Inc boosted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 649.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 114,744 shares of the semiconductor company's stock after buying an additional 99,436 shares during the quarter. TD Asset Management Inc owned approximately 0.15% of MACOM Technology Solutions worth $16,442,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Principal Financial Group Inc. increased its holdings in shares of MACOM Technology Solutions by 3.2% in the 1st quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock valued at $13,750,000 after acquiring an additional 4,249 shares during the last quarter. OneDigital Investment Advisors LLC boosted its holdings in 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 in the last quarter. GAMMA Investing LLC increased its stake in MACOM Technology Solutions by 24.4% in the first quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock valued at $146,000 after purchasing an additional 285 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in MACOM Technology Solutions by 18.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock valued at $329,000 after purchasing an additional 502 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings 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 worth $1,395,000 after purchasing an additional 2,655 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Down 0.8%

Shares of NASDAQ:MTSI opened at $136.82 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-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. The stock has a market cap of $10.19 billion, a P/E ratio of -135.47, a P/E/G ratio of 2.05 and a beta of 1.48. The firm has a fifty day moving average price of $128.56 and a 200 day moving average price of $124.89.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 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 business had revenue of $252.08 million during the quarter, compared to analysts' expectations of $249.89 million. During the same period in the prior year, the company earned $0.66 earnings per share. The business's 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. Sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity

In other news, SVP Robert Dennehy sold 5,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $127.23, for a total transaction of $636,150.00. Following the transaction, the senior vice president directly owned 10,680 shares in the company, valued at $1,358,816.40. The trade was a 31.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Susan Ocampo sold 102,261 shares of the stock in a transaction dated Thursday, October 16th. The stock was sold at an average price of $140.06, for a total transaction of $14,322,675.66. Following the transaction, the insider directly owned 2,854,345 shares of the company's stock, valued at $399,779,560.70. This represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,276,076 shares of company stock worth $170,476,583. Insiders own 16.30% of the company's stock.

Wall Street Analysts Forecast Growth

MTSI has been the subject of several research analyst reports. Weiss Ratings restated a "sell (d+)" rating on shares of MACOM Technology Solutions in a report on Wednesday, October 8th. Zacks Research upgraded shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Stifel Nicolaus lifted their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Saturday, October 11th. Finally, Bank of America raised their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.56.

MACOM Technology Solutions 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.

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