MACOM Technology Solutions Holdings, Inc. $MTSI Stock Holdings Lifted by Northern Trust Corp

Key Points

• Northern Trust Corp increased its holdings in MACOM Technology Solutions by 3.2%, owning approximately 0.66% of the company with a value of about $49.6 million.
• MACOM Technology Solutions reported earnings of $0.90 per share for the last quarter, exceeding analysts' estimates, with a 32.3% increase in revenue compared to the previous year.
• Wall Street analysts have a consensus rating of "Moderate Buy" for MACOM Technology Solutions, with target prices ranging from $150 to $160 issued by various firms.

Northern Trust Corp increased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 494,315 shares of the semiconductor company's stock after purchasing an additional 15,269 shares during the period. Northern Trust Corp owned 0.66% of MACOM Technology Solutions worth $49,619,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTSI. Marshall Wace LLP purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at $387,000. Hsbc Holdings PLC grew its position in shares of MACOM Technology Solutions by 83.1% in the fourth quarter. Hsbc Holdings PLC now owns 11,180 shares of the semiconductor company's stock valued at $1,461,000 after purchasing an additional 5,075 shares during the period. Schonfeld Strategic Advisors LLC increased its position in MACOM Technology Solutions by 53.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,092 shares of the semiconductor company's stock worth $1,051,000 after purchasing an additional 2,806 shares during the last quarter. PDT Partners LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth approximately $624,000. Finally, Algert Global LLC increased its position in MACOM Technology Solutions by 327.1% during the fourth quarter. Algert Global LLC now owns 50,480 shares of the semiconductor company's stock worth $6,558,000 after purchasing an additional 38,660 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 5,000 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the transaction, the senior vice president directly owned 15,680 shares in the company, valued at $2,201,785.60. This represents a 24.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen G. Daly sold 2,380 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $125.70, for a total transaction of $299,166.00. Following the transaction, the chief executive officer owned 24,573 shares in the company, valued at $3,088,826.10. This trade represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,219 shares of company stock worth $4,908,347. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Trading Down 4.3%

Shares of MACOM Technology Solutions stock traded down $5.74 during trading hours on Friday, hitting $128.15. The company's stock had a trading volume of 1,105,813 shares, compared to its average volume of 863,097. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The business has a fifty day moving average of $134.36 and a 200 day moving average of $120.41. The company has a market capitalization of $9.54 billion, a PE ratio of -126.88, a P/E/G ratio of 2.54 and a beta of 1.38. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The business had revenue of $252.08 million during the quarter, compared to analyst estimates of $249.89 million. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The business's revenue was up 32.3% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

MTSI has been the subject of several research analyst reports. Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Bank of America upped their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. 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. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Finally, Truist Financial upped their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of "Moderate Buy" and a consensus price target 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.