Magnetar Financial LLC Buys Shares of 48,709 MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Magnetar Financial LLC has invested approximately $4.89 million in MACOM Technology Solutions by acquiring 48,709 shares, representing about 0.07% of the company's total shares.
• MACOM reported a 32.3% increase in revenue year-over-year for the latest quarter, achieving $252.08 million, while also beating EPS estimates with a reported $0.90.
• Brokerages have raised their target prices for MACOM, with Bank of America setting a new target at $160.00 and multiple firms issuing "buy" ratings on the stock.

Magnetar Financial LLC bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor bought 48,709 shares of the semiconductor company's stock, valued at approximately $4,889,000. Magnetar Financial LLC owned 0.07% of MACOM Technology Solutions as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. State of Wyoming raised its holdings in shares of MACOM Technology Solutions by 8.2% in the 1st quarter. State of Wyoming now owns 1,635 shares of the semiconductor company's stock valued at $164,000 after purchasing an additional 124 shares during the period. Trexquant Investment LP bought a new stake in shares of MACOM Technology Solutions in the 1st quarter valued at about $3,816,000. Next Century Growth Investors LLC raised its holdings in shares of MACOM Technology Solutions by 4.2% in the 1st quarter. Next Century Growth Investors LLC now owns 150,404 shares of the semiconductor company's stock valued at $15,098,000 after purchasing an additional 6,037 shares during the period. Ieq Capital LLC bought a new stake in shares of MACOM Technology Solutions in the 1st quarter valued at about $16,389,000. Finally, Avalon Global Asset Management LLC raised its holdings in shares of MACOM Technology Solutions by 14.0% in the 1st quarter. Avalon Global Asset Management LLC now owns 40,700 shares of the semiconductor company's stock valued at $4,085,000 after purchasing an additional 5,000 shares during the period. 76.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Barclays upped their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Truist Financial increased their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a report on Monday, July 7th. Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Finally, Bank of America increased their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $146.13.

Insider Buying and Selling

In other news, CEO Stephen G. Daly sold 2,380 shares of the company's stock in a transaction dated 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 approximately $3,088,826.10. This represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Dennehy sold 5,000 shares of the firm's 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 completion of the transaction, the senior vice president directly owned 15,680 shares in the company, valued at $2,201,785.60. This trade represents a 24.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 23,554 shares of company stock valued at $3,108,805. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock traded up $2.90 during mid-day trading on Tuesday, reaching $131.05. 771,067 shares of the company were exchanged, compared to its average volume of 759,746. The firm has a market cap of $9.76 billion, a PE ratio of -129.75, a PEG ratio of 2.43 and a beta of 1.49. The company has a fifty day simple moving average of $134.15 and a 200-day simple moving average of $120.42. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.10.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. The business had revenue of $252.08 million for the quarter, compared to analysts' expectations 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 firm's quarterly revenue was up 32.3% compared to the same quarter last year. During the same period last year, the firm posted $0.66 earnings per share. 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 earnings per share for the current fiscal 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.