Mirae Asset Global Investments Co. Ltd. Makes New $33.20 Million Investment in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Mirae Asset Global Investments purchased 116,564 MACOM shares worth approximately $33.2 million, representing about 0.15% of the company. Institutional investors collectively own 76.14% of MTSI.
• MACOM reported quarterly EPS of $1.40, exceeding estimates of $1.35, while revenue rose 35.8% year over year to $342.24 million. The company issued fourth-quarter EPS guidance of $1.97–$2.03.
• MTSI recently traded at $234.39, below its 50-day and 200-day moving averages, while analysts maintain a Moderate Buy consensus with an average price target of $338.08.

Mirae Asset Global Investments Co. Ltd. bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 116,564 shares of the semiconductor company's stock, valued at approximately $33,200,000. Mirae Asset Global Investments Co. Ltd. owned about 0.15% of MACOM Technology Solutions as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MTSI. ProShare Advisors LLC raised its stake in shares of MACOM Technology Solutions by 41.6% in the third quarter. ProShare Advisors LLC now owns 10,040 shares of the semiconductor company's stock valued at $2,860,000 after buying an additional 2,950 shares during the period. Vise Technologies Inc. grew its stake in shares of MACOM Technology Solutions by 41.1% during the 3rd quarter. Vise Technologies Inc. now owns 3,442 shares of the semiconductor company's stock worth $980,000 after acquiring an additional 1,003 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al grew its stake in shares of MACOM Technology Solutions by 28.6% during the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 18,900 shares of the semiconductor company's stock worth $5,383,000 after acquiring an additional 4,200 shares during the period. North Dakota State Investment Board raised its position in shares of MACOM Technology Solutions by 4.6% in the third quarter. North Dakota State Investment Board now owns 2,061 shares of the semiconductor company's stock valued at $587,000 after purchasing an additional 90 shares during the period. Finally, MBL Wealth LLC grew its holdings in MACOM Technology Solutions by 207.1% during the 3rd quarter. MBL Wealth LLC now owns 2,690 shares of the semiconductor company's stock valued at $766,000 after buying an additional 1,814 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Price Performance

MTSI opened at $234.39 on Monday. The stock has a 50-day moving average price of $275.89 and a 200-day moving average price of $282.80. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $144.06 and a 12-month high of $418.90. The company has a current ratio of 2.34, a quick ratio of 1.78 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $17.90 billion, a P/E ratio of 75.37, a PEG ratio of 0.77 and a beta of 1.82.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. The firm had revenue of $342.24 million for the quarter, compared to analyst estimates of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%. The company's revenue was up 35.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. Equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTSI. Raymond James Financial raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and set a $300.00 price target on the stock in a report on Tuesday, October 27th. Benchmark assumed coverage on shares of MACOM Technology Solutions in a report on Thursday, August 13th. They issued a "buy" rating and a $375.00 price target for the company. Wall Street Zen upgraded shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, August 8th. Zacks Research upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 24th. Finally, Susquehanna dropped their price objective on MACOM Technology Solutions from $350.00 to $300.00 and set a "neutral" rating for the company in a research note on Tuesday, July 21st. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $338.08.

Insider Transactions at MACOM Technology Solutions

In related news, CFO John Kober sold 7,389 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $326.08, for a total value of $2,409,405.12. Following the completion of the sale, the chief financial officer owned 33,583 shares of the company's stock, valued at $10,950,744.64. This trade represents a 18.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ambra R. Roth sold 653 shares of the firm's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $300.00, for a total transaction of $195,900.00. Following the completion of the sale, the senior vice president directly owned 9,184 shares of the company's stock, valued at approximately $2,755,200. This represents a 6.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 9,321 shares of company stock worth $2,917,644. Insiders own 0.36% of the company's stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc develops and manufactures high-performance semiconductor products for applications involving radio frequency, microwave, millimeter-wave, analog, mixed-signal and optical technologies. Its offerings include integrated circuits, discrete components, modules and semiconductor devices designed to support communications, connectivity and sensing systems.

The company serves markets including telecommunications, data centers, aerospace and defense, industrial, automotive and consumer applications.

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