MACOM Technology Solutions Holdings, Inc. $MTSI Stake Lowered by US Bancorp DE

Key Points

• US Bancorp DE has significantly reduced its stake in MACOM Technology Solutions by 65.1%, holding just 1,677 shares valued at $168,000 after selling over 3,000 shares in the first quarter.
• Multiple institutional investors have increased their stakes in MACOM, with LPL Financial LLC growing its position by 57.2%, bringing its total to 6,636 shares valued at $862,000.
• Analysts are optimistic about MACOM, with price targets frequently raised; Barclays has set a new target of $150, while Bank of America has increased theirs to $160.

US Bancorp DE decreased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 65.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,677 shares of the semiconductor company's stock after selling 3,129 shares during the period. US Bancorp DE's holdings in MACOM Technology Solutions were worth $168,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Russell Investments Group Ltd. boosted its holdings in MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after acquiring an additional 100 shares during the last quarter. Securian Asset Management Inc. boosted its holdings in MACOM Technology Solutions by 3.2% in the first quarter. Securian Asset Management Inc. now owns 4,517 shares of the semiconductor company's stock valued at $453,000 after acquiring an additional 139 shares during the last quarter. Sheaff Brock Investment Advisors LLC boosted its holdings in MACOM Technology Solutions by 6.1% in the first quarter. Sheaff Brock Investment Advisors LLC now owns 3,282 shares of the semiconductor company's stock valued at $329,000 after acquiring an additional 189 shares during the last quarter. ProShare Advisors LLC boosted its holdings in MACOM Technology Solutions by 7.6% in the fourth quarter. ProShare Advisors LLC now owns 2,710 shares of the semiconductor company's stock valued at $352,000 after acquiring an additional 192 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in MACOM Technology Solutions by 131.3% in the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MTSI shares. Barclays lifted their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus boosted 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. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Benchmark restated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Finally, Truist Financial boosted 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. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $146.13.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was sold at an average price of $137.40, for a total value of $687,000.00. Following the completion of the sale, the senior vice president directly owned 30,779 shares of the company's stock, valued at $4,229,034.60. The trade was a 13.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO John Kober sold 1,000 shares of the business's stock in a transaction dated Friday, August 8th. The shares were 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 directly owned 46,128 shares of the company's stock, valued at approximately $5,692,195.20. This represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 39,669 shares of company stock valued at $5,092,012 in the last three months. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Up 0.1%

MACOM Technology Solutions stock traded up $0.15 during midday trading on Wednesday, hitting $121.15. The stock had a trading volume of 421,594 shares, compared to its average volume of 762,862. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The stock has a market cap of $9.02 billion, a P/E ratio of -119.95, a P/E/G ratio of 2.29 and a beta of 1.38. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The business has a fifty day moving average price of $135.01 and a 200 day moving average price of $120.45.

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

MACOM Technology Solutions 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.