PDT Partners LLC Acquires 12,188 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• PDT Partners LLC has increased its stake in MACOM Technology Solutions Holdings, Inc. by 253.7%, now owning 16,993 shares worth approximately $1.7 million.
• Several institutional investors, including Principal Financial Group and OneDigital Investment Advisors, have also increased their stakes, resulting in institutional ownership of 76.14% of the company's stock.
• For the last quarter, MACOM reported earnings of $0.90 EPS, exceeding estimates, with a 32.3% increase in revenue year-over-year, and shares recently saw a growth of 2.3%.

PDT Partners LLC increased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 253.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,993 shares of the semiconductor company's stock after buying an additional 12,188 shares during the quarter. PDT Partners LLC's holdings in MACOM Technology Solutions were worth $1,706,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions during the 1st quarter valued at $25,000. Elequin Capital LP purchased a new stake in MACOM Technology Solutions in the fourth quarter worth $26,000. Versant Capital Management Inc increased its position in MACOM Technology Solutions by 9,400.0% during 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 purchased a new position in shares of MACOM Technology Solutions in the 1st quarter worth approximately $34,000. Finally, Allworth Financial LP grew its stake in shares of MACOM Technology Solutions by 131.3% during the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 197 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

NASDAQ MTSI traded down $0.14 on Monday, hitting $129.72. 254,093 shares of the company were exchanged, compared to its average volume of 756,401. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a market cap of $9.66 billion, a P/E ratio of -128.43, a P/E/G ratio of 2.46 and a beta of 1.49. The firm has a 50 day moving average of $133.34 and a two-hundred day moving average of $120.62.

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 for the quarter, beating analysts' consensus estimates 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 business had revenue of $252.08 million for the quarter, compared to the consensus estimate of $249.89 million. During the same period last year, the company posted $0.66 EPS. MACOM Technology Solutions's revenue for the quarter 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. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

MTSI has been the topic of several recent analyst reports. 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 upgraded shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Stifel Nicolaus lifted their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Bank of America upped their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Truist Financial lifted their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.13.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total transaction of $687,000.00. Following the completion of the transaction, the senior vice president owned 30,779 shares in the company, valued at approximately $4,229,034.60. This trade represents a 13.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Robert Dennehy sold 5,000 shares of MACOM Technology Solutions 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 sale, the senior vice president owned 15,680 shares of the company's stock, valued at $2,201,785.60. This represents a 24.18% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 11,800 shares of company stock valued at $1,611,548. 16.30% of the stock is owned by insiders.

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.