Millennium Management LLC Trims Holdings in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Millennium Management LLC decreased its stake in MACOM Technology Solutions by 19.9%, now holding approximately 681,167 shares worth $68.4 million after selling 169,520 shares.
• Analysts have upgraded MACOM Technology Solutions' stock ratings to mostly "buy," with a significant increase in target prices, indicating positive sentiment towards the company's future prospects.
• MACOM Technology Solutions reported earnings per share of $0.90 for the last quarter, exceeding estimates and demonstrating a 32.3% increase in revenue compared to the same quarter last year.

Millennium Management LLC trimmed its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 19.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 681,167 shares of the semiconductor company's stock after selling 169,520 shares during the quarter. Millennium Management LLC owned 0.92% of MACOM Technology Solutions worth $68,376,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of 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 purchasing an additional 129,201 shares during the last quarter. Alliancebernstein L.P. increased its position in MACOM Technology Solutions by 2.4% during the first 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 during the last quarter. GW&K Investment Management LLC increased its position in MACOM Technology Solutions by 9.9% during the first 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 during the last quarter. Jennison Associates LLC increased its position in MACOM Technology Solutions by 18.4% during the first quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock valued at $63,280,000 after acquiring an additional 97,943 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in MACOM Technology Solutions by 9.1% during the first quarter. The Manufacturers Life Insurance Company now owns 617,174 shares of the semiconductor company's stock valued at $61,952,000 after purchasing an additional 51,531 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock traded up $1.62 during midday trading on Friday, reaching $132.69. 276,201 shares of the stock traded hands, compared to its average volume of 756,791. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. The stock's fifty day moving average is $132.57 and its 200-day moving average is $120.91. The stock has a market cap of $9.88 billion, a P/E ratio of -131.32, a PEG ratio of 2.50 and a beta of 1.49.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued 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 positive return on equity of 14.02% and a negative net margin of 7.71%.The business 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 business posted $0.66 earnings per share. 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. As a group, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Jihye Whang Rosenband sold 800 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $123.81, for a total transaction of $99,048.00. Following the sale, the director directly owned 7,189 shares in the company, valued at $890,070.09. This represents a 10.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Susan Ocampo sold 45,986 shares of the company's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $131.12, for a total value of $6,029,684.32. Following the sale, the insider owned 3,956,165 shares in the company, valued at approximately $518,732,354.80. This trade represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 174,256 shares of company stock valued at $22,948,632. Corporate insiders own 16.30% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on MTSI. Bank of America boosted their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Truist Financial upped their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Zacks Research raised MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Stifel Nicolaus upped their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $146.13.

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.