Nissay Asset Management Corp Japan ADV Purchases 1,991 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Nissay Asset Management Corp Japan ADV increased its stake in MACOM Technology Solutions by 12.8%, owning 17,504 shares valued at approximately $1.76 million.
• MACOM reported earnings of $0.90 per share for the last quarter, slightly beating analyst expectations, with revenues of $252.08 million, a 32.3% increase year-over-year.
• Currently, institutional investors hold 76.14% of MACOM's stock, indicating strong interest from hedge funds and other investment firms.

Nissay Asset Management Corp Japan ADV boosted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 12.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,504 shares of the semiconductor company's stock after purchasing an additional 1,991 shares during the period. Nissay Asset Management Corp Japan ADV's holdings in MACOM Technology Solutions were worth $1,757,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in MACOM Technology Solutions by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock worth $667,171,000 after purchasing an additional 129,201 shares during the last quarter. Alliancebernstein L.P. lifted its stake in MACOM Technology Solutions by 2.4% in the first quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company's stock worth $147,436,000 after purchasing an additional 34,214 shares during the last quarter. GW&K Investment Management LLC lifted its stake in 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 worth $127,990,000 after purchasing an additional 114,780 shares during the last quarter. Millennium Management LLC raised its stake in shares of MACOM Technology Solutions by 14.8% during the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after acquiring an additional 109,529 shares during the last quarter. Finally, Jennison Associates LLC raised its stake in shares of MACOM Technology Solutions by 18.4% during the first quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock valued at $63,280,000 after acquiring an additional 97,943 shares during the last quarter. 76.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on MTSI shares. Truist Financial upped their price objective 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. Bank of America upped their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Zacks Research raised shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. 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. Finally, Stifel Nicolaus upped their price objective on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, July 18th. One 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $146.13.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 5,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total value of $702,100.00. Following the sale, the senior vice president owned 15,680 shares in the company, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jihye Whang Rosenband sold 800 shares of the company's stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $123.81, for a total transaction of $99,048.00. Following the completion of the sale, the director owned 7,189 shares in the company, valued at approximately $890,070.09. This trade represents a 10.01% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 395,376 shares of company stock valued at $52,285,626. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Trading Up 0.6%

Shares of NASDAQ MTSI traded up $0.80 during midday trading on Friday, hitting $131.87. 938,313 shares of the company traded hands, compared to its average volume of 711,143. 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 quick ratio of 3.10 and a current ratio of 3.83. The stock has a 50-day moving average price of $132.38 and a 200 day moving average price of $121.09. The firm has a market cap of $9.82 billion, a P/E ratio of -130.56, a P/E/G ratio of 2.50 and a beta of 1.49.

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

About MACOM Technology Solutions

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.