Magnetar Financial LLC Takes Position in 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 acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of MTSI. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the 1st quarter worth about $25,000. Elequin Capital LP acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at about $26,000. Versant Capital Management Inc increased its holdings in shares of MACOM Technology Solutions by 9,400.0% in the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 282 shares during the period. SVB Wealth LLC acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at about $34,000. Finally, Allworth Financial LP increased its holdings in shares of MACOM Technology Solutions by 131.3% in the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 197 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Activity

In other news, SVP Robert Dennehy sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total value of $702,100.00. Following the completion of the sale, the senior vice president directly owned 15,680 shares of the company's stock, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Stephen G. Daly sold 2,380 shares of the 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 sale, the chief executive officer directly owned 24,573 shares of the company's stock, valued at $3,088,826.10. This represents a 8.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,180 shares of company stock valued at $1,910,714. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded up $1.72 during trading hours on Thursday, reaching $131.89. 668,609 shares of the company were exchanged, compared to its average volume of 843,047. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of -130.58, a PEG ratio of 2.47 and a beta of 1.49. 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 50-day moving average of $133.59 and a 200 day moving average of $120.63. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. The firm 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 company's revenue was up 32.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.66 earnings per share. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

MTSI has been the topic of a number of research reports. Bank of America upped their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday, May 9th. Truist Financial upped their target price on 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 upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Finally, Barclays upped 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued 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 a consensus 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.