MACOM Technology Solutions Holdings, Inc. $MTSI Shares Sold by Lord Abbett & CO. LLC

Key Points

• Lord Abbett & CO. LLC significantly reduced its stake in MACOM Technology Solutions by 97%, selling over 6 million shares, while retaining only 0.25% ownership post-sale.
• Several analysts have raised their price targets for MACOM, with projections increasing to as high as $160.00, reflecting a positive outlook on the stock.
• MACOM Technology Solutions reported a 32.3% year-over-year revenue increase, with earnings of $0.90 per share for the quarter, surpassing analysts' expectations.

Lord Abbett & CO. LLC cut its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 97.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 187,478 shares of the semiconductor company's stock after selling 6,117,237 shares during the period. Lord Abbett & CO. LLC owned 0.25% of MACOM Technology Solutions worth $18,819,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. grew its position in shares of MACOM Technology Solutions by 2.0% during the first quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock worth $667,171,000 after acquiring an additional 129,201 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after buying an additional 1,120,510 shares in the last quarter. GW&K Investment Management LLC increased its position in shares of MACOM Technology Solutions by 9.9% in 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 buying an additional 114,780 shares in the last quarter. Millennium Management LLC increased its position in shares of MACOM Technology Solutions by 14.8% in the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after buying an additional 109,529 shares in the last quarter. Finally, Jennison Associates LLC increased its position in shares of MACOM Technology Solutions by 18.4% in the first quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock valued at $63,280,000 after buying an additional 97,943 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In related news, CEO Stephen G. Daly sold 2,380 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $125.70, for a total transaction of $299,166.00. Following the sale, the chief executive officer directly owned 24,573 shares of the company's stock, valued at approximately $3,088,826.10. This represents a 8.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total value of $687,000.00. Following the sale, the senior vice president directly owned 30,779 shares in the company, valued at approximately $4,229,034.60. This represents a 13.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,669 shares of company stock valued at $5,092,012. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Down 0.6%

NASDAQ MTSI traded down $0.73 on Wednesday, reaching $120.27. The company had a trading volume of 236,796 shares, compared to its average volume of 755,662. The firm has a market capitalization of $8.96 billion, a PE ratio of -119.07, a P/E/G ratio of 2.34 and a beta of 1.38. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.10. The firm has a 50-day moving average of $135.21 and a 200-day moving average of $120.45. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Truist Financial boosted their target price 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 upped 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. Finally, Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $146.13.

MACOM Technology Solutions Company 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.