Hsbc Holdings PLC Trims Stock Position in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Hsbc Holdings PLC reduced its stake in MACOM Technology Solutions by 29.2%, now holding 7,912 shares valued at approximately $781,000.
• Nuveen LLC significantly increased its position in MACOM, acquiring a stake worth $23,767,000 in the first quarter, contributing to institutional investors holding 76.14% of the company's stock.
• In the latest earnings report, MACOM Technology Solutions reported $0.90 EPS, beating estimates and showing a 32.3% year-over-year revenue increase to $252.08 million.

Hsbc Holdings PLC lessened its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 29.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,912 shares of the semiconductor company's stock after selling 3,268 shares during the quarter. Hsbc Holdings PLC's holdings in MACOM Technology Solutions were worth $781,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in MACOM Technology Solutions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock worth $13,750,000 after buying an additional 4,249 shares during the period. OneDigital Investment Advisors LLC boosted its stake in MACOM Technology Solutions by 27.0% during the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock worth $242,000 after buying an additional 511 shares during the period. GAMMA Investing LLC boosted 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 worth $146,000 after buying an additional 285 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted 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 worth $329,000 after buying an additional 502 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted 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 worth $1,395,000 after buying an additional 2,655 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MTSI shares. Truist Financial raised 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. Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Barclays raised 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. Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Finally, Bank of America raised their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average price target of $146.13.

MACOM Technology Solutions Stock Down 0.5%

Shares of NASDAQ:MTSI traded down $0.71 during trading hours on Friday, reaching $131.18. The stock had a trading volume of 472,343 shares, compared to its average volume of 755,677. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The firm's 50 day moving average is $133.59 and its 200-day moving average is $120.63. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83. The stock has a market capitalization of $9.77 billion, a price-to-earnings ratio of -129.88, a P/E/G ratio of 2.47 and a beta of 1.49.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $252.08 million for the quarter, compared to the consensus estimate of $249.89 million. During the same period in the prior year, the firm posted $0.66 EPS. The company's quarterly 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. Research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Jihye Whang Rosenband sold 800 shares of the business's stock in a transaction that occurred 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 owned 7,189 shares in the company, valued at approximately $890,070.09. The trade was a 10.01% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Dennehy sold 5,000 shares of the business's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total transaction of $702,100.00. Following the sale, the senior vice president owned 15,680 shares of the company's stock, valued at $2,201,785.60. This represents a 24.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 11,800 shares of company stock valued at $1,611,548. 16.30% of the stock is currently owned by company insiders.

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.