Osterweis Capital Management Inc. Sells 36,219 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Osterweis Capital Management Inc. sold 36,219 shares of MACOM Technology Solutions, reducing its holdings by 51.7%, leaving them with 33,811 shares valued at approximately $3.39 million.
• Institutional investors currently own 76.14% of MACOM Technology Solutions, with several firms, including Vanguard Group and AllianceBernstein, increasing their positions during the first quarter.
• MACOM Technology Solutions reported a quarterly earnings per share (EPS) of $0.90, slightly above analyst estimates, with revenue growth of 32.3% year-over-year to $252.08 million.

Osterweis Capital Management Inc. reduced its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 51.7% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,811 shares of the semiconductor company's stock after selling 36,219 shares during the quarter. Osterweis Capital Management Inc.'s holdings in MACOM Technology Solutions were worth $3,394,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MTSI. Vanguard Group Inc. increased its position in shares of MACOM Technology Solutions by 2.0% during the 1st quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock valued at $667,171,000 after purchasing an additional 129,201 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of MACOM Technology Solutions by 2.4% during the 1st quarter. Alliancebernstein L.P. now owns 1,468,782 shares of the semiconductor company's stock valued at $147,436,000 after purchasing an additional 34,214 shares during the last quarter. GW&K Investment Management LLC increased its position in shares of MACOM Technology Solutions by 9.9% during the 1st quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company's stock valued at $127,990,000 after purchasing an additional 114,780 shares during the last quarter. Jennison Associates LLC increased its position in shares of MACOM Technology Solutions by 18.4% during the 1st quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock valued at $63,280,000 after purchasing an additional 97,943 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of MACOM Technology Solutions by 9.1% during the 1st quarter. The Manufacturers Life Insurance Company now owns 617,174 shares of the semiconductor company's stock valued at $61,952,000 after purchasing an additional 51,531 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MACOM Technology Solutions news, major shareholder Susan Ocampo sold 45,986 shares of the stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $131.12, for a total value of $6,029,684.32. Following the completion of the sale, the insider owned 3,956,165 shares in the company, valued at approximately $518,732,354.80. This trade represents a 1.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jihye Whang Rosenband sold 800 shares of the stock in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $123.81, for a total value of $99,048.00. Following the completion of the sale, the director owned 7,189 shares of the company's stock, 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 174,256 shares of company stock worth $22,948,632. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

MTSI opened at $131.07 on Friday. The stock's 50 day simple moving average is $132.57 and its 200 day simple moving average is $120.91. 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 Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The firm has a market cap of $9.76 billion, a price-to-earnings ratio of -129.77, a PEG ratio of 2.50 and a beta of 1.49.

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

Analyst Upgrades and Downgrades

Several brokerages have recently commented on MTSI. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Zacks Research upgraded MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Truist Financial increased their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, Bank of America raised their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.13.

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.

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