Peregrine Capital Management LLC Sells 10,141 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Peregrine Capital Management cut its MACOM Technology Solutions stake by 15.2%, selling 10,141 shares in the second quarter and retaining 56,469 shares worth approximately $21.5 million.
• MACOM reported a quarterly earnings beat, with EPS of $1.40 versus the $1.35 estimate and revenue of $342.24 million, up 35.8% year over year.
• Analysts maintain a generally positive view, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $331.36, although some firms recently lowered their targets or downgraded the shares.

Peregrine Capital Management LLC lowered its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 15.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,469 shares of the semiconductor company's stock after selling 10,141 shares during the period. MACOM Technology Solutions comprises 0.7% of Peregrine Capital Management LLC's portfolio, making the stock its 24th largest holding. Peregrine Capital Management LLC owned approximately 0.07% of MACOM Technology Solutions worth $21,479,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Advisors Asset Management Inc. increased its holdings in MACOM Technology Solutions by 49.7% in the 1st quarter. Advisors Asset Management Inc. now owns 485 shares of the semiconductor company's stock valued at $49,000 after buying an additional 161 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of MACOM Technology Solutions by 9.2% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,182 shares of the semiconductor company's stock worth $15,778,000 after acquiring an additional 13,215 shares during the period. Focus Partners Wealth lifted its holdings in shares of MACOM Technology Solutions by 121.3% during the 1st quarter. Focus Partners Wealth now owns 6,739 shares of the semiconductor company's stock worth $676,000 after acquiring an additional 3,694 shares during the period. Cetera Investment Advisers acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at about $372,000. Finally, Marshall Wace LLP acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at about $544,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

MTSI has been the subject of several recent research reports. Truist Financial increased their price target on shares of MACOM Technology Solutions from $261.00 to $375.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Susquehanna dropped their target price on MACOM Technology Solutions from $350.00 to $300.00 and set a "neutral" rating for the company in a report on Tuesday, July 21st. HC Wainwright restated a "buy" rating on shares of MACOM Technology Solutions in a research report on Wednesday, June 3rd. Zacks Research lowered MACOM Technology Solutions from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus upped their price target on MACOM Technology Solutions from $385.00 to $450.00 and gave the company a "buy" rating in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $331.36.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $310.75 on Thursday. 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 $23.73 billion, a price-to-earnings ratio of 99.92, a P/E/G ratio of 1.92 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $118.28 and a 1-year high of $418.90. The firm's 50-day moving average price is $320.89 and its two-hundred day moving average price is $288.92.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.05. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. The company had revenue of $342.24 million during the quarter, compared to analyst estimates of $336.08 million. During the same quarter last year, the business posted $0.90 earnings per share. The company's revenue was up 35.8% on a year-over-year basis. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 2,620 shares of the business's stock in a transaction on Thursday, June 25th. The stock was sold at an average price of $383.87, for a total value of $1,005,739.40. Following the transaction, the senior vice president owned 29,756 shares of the company's stock, valued at approximately $11,422,435.72. The trade was a 8.09% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,644 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $359.25, for a total value of $2,746,107.00. Following the sale, the chief financial officer owned 40,972 shares in the company, valued at $14,719,191. The trade was a 15.72% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 28,687 shares of company stock valued at $10,476,798 in the last three months. Corporate insiders own 0.36% of the company's stock.

About MACOM Technology Solutions

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM's offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company's solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.

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