MACOM Technology Solutions Holdings, Inc. $MTSI Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its stake in MACOM Technology Solutions by 257.1% in the 2nd quarter, now holding shares worth $858,000.
• A number of analysts have upgraded their price targets for MACOM Technology Solutions, with Bank of America raising it from $140.00 to $160.00, indicating a strong buy sentiment.
• Insider Susan Ocampo sold 150,424 shares of MACOM stock, resulting in a 4.03% decrease in her ownership position.

US Bancorp DE grew its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 257.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,989 shares of the semiconductor company's stock after acquiring an additional 4,312 shares during the quarter. US Bancorp DE's holdings in MACOM Technology Solutions were worth $858,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. raised its position in MACOM Technology Solutions by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock worth $667,171,000 after acquiring an additional 129,201 shares in the last quarter. Alliancebernstein L.P. grew its stake in MACOM Technology Solutions by 2.4% during the 1st quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company's stock valued at $147,436,000 after acquiring an additional 34,214 shares in the last quarter. GW&K Investment Management LLC grew its stake in MACOM Technology Solutions by 9.9% during the 1st quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company's stock valued at $127,990,000 after acquiring an additional 114,780 shares in the last quarter. Jennison Associates LLC grew its stake in shares of MACOM Technology Solutions by 18.4% in the 1st quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock valued at $63,280,000 after buying an additional 97,943 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in shares of MACOM Technology Solutions by 9.1% in the 1st quarter. The Manufacturers Life Insurance Company now owns 617,174 shares of the semiconductor company's stock valued at $61,952,000 after buying an additional 51,531 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Insider Activity at MACOM Technology Solutions

In other news, major shareholder Susan Ocampo sold 150,424 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $132.43, for a total transaction of $19,920,650.32. Following the completion of the transaction, the insider directly owned 3,584,621 shares in the company, valued at approximately $474,711,359.03. The trade was a 4.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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.

MACOM Technology Solutions Stock Down 0.8%

NASDAQ:MTSI opened at $136.82 on Friday. The company has a market cap of $10.19 billion, a PE ratio of -135.47, a PEG ratio of 2.03 and a beta of 1.48. 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 50-day simple moving average of $128.56 and a 200 day simple moving average of $125.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $252.08 million for the quarter, compared to analyst estimates of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.The business's quarterly revenue was up 32.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.

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