Raymond James Financial Inc. Increases Stock Position in 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. lifted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 90.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 126,586 shares of the semiconductor company's stock after acquiring an additional 60,160 shares during the period. Raymond James Financial Inc. owned approximately 0.17% of MACOM Technology Solutions worth $12,707,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $26,000. Opal Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the first quarter worth about $25,000. Versant Capital Management Inc increased its position in shares of MACOM Technology Solutions by 9,400.0% during the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 282 shares in the last quarter. Allworth Financial LP increased its position 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 in the last quarter. Finally, UMB Bank n.a. increased its position in shares of MACOM Technology Solutions by 182.7% during the first quarter. UMB Bank n.a. now owns 670 shares of the semiconductor company's stock worth $67,000 after acquiring an additional 433 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on MTSI shares. Stifel Nicolaus boosted their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Zacks Research raised shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research report on Wednesday, August 20th. Bank of America upped their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Truist Financial upped their price objective on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. Finally, Benchmark reaffirmed a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $146.13.

MACOM Technology Solutions Stock Performance

MTSI traded up $2.90 during midday trading on Tuesday, reaching $131.05. The company had a trading volume of 771,067 shares, compared to its average volume of 759,746. 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 market cap of $9.76 billion, a PE ratio of -129.75, a P/E/G ratio of 2.43 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 business has a 50-day moving average price of $134.15 and a two-hundred day moving average price of $120.42.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its 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. The firm had revenue of $252.08 million for the quarter, compared to analysts' expectations of $249.89 million. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The company's quarterly revenue was up 32.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.66 earnings per share. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business's stock in a transaction dated Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total value of $687,000.00. Following the transaction, the senior vice president directly owned 30,779 shares in the company, valued at $4,229,034.60. The trade was a 13.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jihye Whang Rosenband sold 800 shares of the company's stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $123.81, for a total transaction of $99,048.00. Following the sale, the director owned 7,189 shares in the company, valued at $890,070.09. The trade was a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 23,554 shares of company stock valued at $3,108,805. Corporate insiders own 16.30% of the company's stock.

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.