Raymond James Financial Inc. Purchases 60,160 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Raymond James Financial Inc. has increased its stake in MACOM Technology Solutions by 90.6%, now owning 126,586 shares worth approximately $12.7 million, after acquiring an additional 60,160 shares in the first quarter.
• A majority of the stock, approximately 76.14%, is held by hedge funds and institutional investors, with notable increases in positions by firms like Vanguard and GW&K Investment Management.
• Analysts have been bullish on MACOM Technology Solutions, with the target price increased by several firms, including Stifel Nicolaus and Truist Financial, reflecting a consensus average price target of $146.13.

Raymond James Financial Inc. grew its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 90.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 126,586 shares of the semiconductor company's stock after purchasing an additional 60,160 shares during the period. Raymond James Financial Inc. owned approximately 0.17% of MACOM Technology Solutions worth $12,707,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Marshall Wace LLP bought a new position in MACOM Technology Solutions in the fourth quarter valued at about $387,000. Hsbc Holdings PLC grew its holdings in shares of MACOM Technology Solutions by 83.1% during the 4th quarter. Hsbc Holdings PLC now owns 11,180 shares of the semiconductor company's stock valued at $1,461,000 after purchasing an additional 5,075 shares during the last quarter. Northern Trust Corp grew its holdings in shares of MACOM Technology Solutions by 21.6% during the 4th quarter. Northern Trust Corp now owns 479,046 shares of the semiconductor company's stock valued at $62,233,000 after purchasing an additional 85,104 shares during the last quarter. Schonfeld Strategic Advisors LLC increased its position in MACOM Technology Solutions by 53.1% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 8,092 shares of the semiconductor company's stock worth $1,051,000 after purchasing an additional 2,806 shares in the last quarter. Finally, PDT Partners LLC bought a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $624,000. 76.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on MTSI. Bank of America boosted their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. Truist Financial increased their target price 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. Barclays boosted their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus raised their price objective on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a report on Friday, July 18th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $146.13.

MACOM Technology Solutions Trading Up 1.3%

MACOM Technology Solutions stock traded up $1.72 during mid-day trading on Thursday, hitting $131.89. 668,609 shares of the stock were exchanged, compared to its average volume of 843,047. The stock has a market capitalization of $9.82 billion, a price-to-earnings ratio of -130.58, a PEG ratio of 2.47 and a beta of 1.49. 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 quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. The firm's fifty day simple moving average is $133.59 and its two-hundred day simple moving average is $120.63.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, topping 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 during the quarter, compared to analysts' expectations of $249.89 million. During the same period in the prior year, the company posted $0.66 earnings per share. 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. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, CFO John Kober sold 1,000 shares of the business's stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $123.40, for a total value of $123,400.00. Following the transaction, the chief financial officer directly owned 46,128 shares of the company's stock, valued at $5,692,195.20. The trade was a 2.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen G. Daly sold 2,380 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $125.70, for a total value of $299,166.00. Following the sale, the chief executive officer directly owned 24,573 shares of the company's stock, valued at $3,088,826.10. This represents a 8.83% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 14,180 shares of company stock worth $1,910,714. Corporate insiders own 16.30% of the company's stock.

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.