MACOM Technology Solutions Holdings, Inc. $MTSI Shares Bought 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 grew its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 494,315 shares of the semiconductor company's stock after purchasing an additional 15,269 shares during the quarter. Northern Trust Corp owned approximately 0.66% of MACOM Technology Solutions worth $49,619,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. increased its holdings in shares of 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 valued at $13,750,000 after acquiring an additional 4,249 shares in the last quarter. OneDigital Investment Advisors LLC boosted its position in MACOM Technology Solutions by 27.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock worth $242,000 after purchasing an additional 511 shares in the last quarter. GAMMA Investing LLC boosted its position in MACOM Technology Solutions by 24.4% in the 1st quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock worth $146,000 after purchasing an additional 285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings in MACOM Technology Solutions by 18.1% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock worth $329,000 after acquiring an additional 502 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its holdings in MACOM Technology Solutions by 23.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock worth $1,395,000 after acquiring an additional 2,655 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on the company. 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. Truist Financial lifted their price target on 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 lifted their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Stifel Nicolaus lifted their target price 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. Finally, Zacks Research raised MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $146.13.

MACOM Technology Solutions Stock Up 2.3%

MTSI stock traded up $2.90 during trading on Tuesday, hitting $131.05. 771,067 shares of the company's stock were exchanged, compared to its average volume of 869,012. The business has a 50-day moving average price of $133.97 and a two-hundred day moving average price of $120.50. The stock has a market capitalization of $9.76 billion, a price-to-earnings ratio of -129.75, a PEG ratio of 2.43 and a beta of 1.49. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32.

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 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 company had revenue of $252.08 million during the quarter, compared to analysts' expectations of $249.89 million. During the same quarter in the previous year, the business earned $0.66 earnings per share. The firm's revenue for the quarter was up 32.3% on a year-over-year basis. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling

In other MACOM Technology Solutions news, CFO John Kober sold 1,000 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $123.40, for a total value of $123,400.00. Following the completion of the sale, the chief financial officer owned 46,128 shares in the company, valued at approximately $5,692,195.20. The trade was a 2.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen G. Daly sold 2,380 shares of the business's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $125.70, for a total value of $299,166.00. Following the completion of the transaction, the chief executive officer directly owned 24,573 shares in the company, valued at approximately $3,088,826.10. The trade was a 8.83% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 23,554 shares of company stock valued at $3,108,805 in the last 90 days. Company insiders own 16.30% of the company's stock.

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.