Cinctive Capital Management LP Sells 31,224 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Cinctive Capital Management LP has significantly reduced its stake in MACOM Technology Solutions, cutting its holdings by 89.1%, leaving it with only 3,827 shares valued at $384,000.
• Other institutional investors like Vanguard Group Inc. and Alliancebernstein L.P. have increased their stakes, indicating continued interest in the semiconductor company.
• MACOM reported stronger-than-expected earnings, with an EPS of $0.90 for the last quarter, which is above analysts' estimates and shows a 32.3% year-over-year revenue increase.

Cinctive Capital Management LP lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 89.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,827 shares of the semiconductor company's stock after selling 31,224 shares during the quarter. Cinctive Capital Management LP's holdings in MACOM Technology Solutions were worth $384,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. AQR Capital Management LLC increased its stake in MACOM Technology Solutions by 5,891.8% in the 1st quarter. AQR Capital Management LLC now owns 247,400 shares of the semiconductor company's stock valued at $23,510,000 after buying an additional 243,271 shares during the last quarter. Nuveen LLC bought a new position in shares of MACOM Technology Solutions in the first quarter valued at approximately $23,767,000. Nuveen Asset Management LLC increased its position in shares of MACOM Technology Solutions by 129.4% during the fourth quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock valued at $42,621,000 after acquiring an additional 185,075 shares during the last quarter. Ieq Capital LLC bought a new stake in MACOM Technology Solutions during the first quarter worth $16,389,000. Finally, GAMMA Investing LLC boosted its position in MACOM Technology Solutions by 12,383.2% in the first quarter. GAMMA Investing LLC now owns 146,053 shares of the semiconductor company's stock worth $14,661,000 after purchasing an additional 144,883 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Performance

MTSI traded down $0.63 on Thursday, hitting $131.07. The company's stock had a trading volume of 754,721 shares, compared to its average volume of 679,343. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The firm has a market cap of $9.76 billion, a P/E ratio of -129.77, a price-to-earnings-growth ratio of 2.50 and a beta of 1.49. 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 company's 50 day simple moving average is $132.57 and its 200-day simple moving average is $120.91.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results 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 business had revenue of $252.08 million for the quarter, compared to analysts' expectations of $249.89 million. During the same quarter in the previous year, the firm posted $0.66 EPS. The business's revenue for the quarter 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. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MTSI. Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Zacks Research raised shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Truist Financial lifted their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Bank of America increased their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Stifel Nicolaus boosted their target price on 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 analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $146.13.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 5,000 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total value of $702,100.00. Following the sale, the senior vice president directly owned 15,680 shares of the company's stock, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO John Kober sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $123.40, for a total transaction of $123,400.00. Following the completion of the transaction, the chief financial officer owned 46,128 shares of the company's stock, valued at $5,692,195.20. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 174,256 shares of company stock worth $22,948,632 in the last three months. 16.30% of the stock is currently owned by corporate insiders.

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.