Strs Ohio Buys Shares of 32,900 MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Strs Ohio has invested approximately $3.30 million in MACOM Technology Solutions, acquiring 32,900 shares of the semiconductor company.
• Major shareholder Susan Ocampo sold 89,868 shares at an average price of $132.86, reducing her ownership stake by 2.35%.
• Analysts have a consensus rating of "Moderate Buy" for MACOM shares, with a target price averaging $146.13.

Strs Ohio purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,900 shares of the semiconductor company's stock, valued at approximately $3,303,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock worth $13,750,000 after buying an additional 4,249 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of MACOM Technology Solutions by 27.0% during the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock worth $242,000 after acquiring an additional 511 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of MACOM Technology Solutions by 24.4% during the first quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock worth $146,000 after acquiring an additional 285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of MACOM Technology Solutions by 18.1% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock worth $329,000 after acquiring an additional 502 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its stake in shares of MACOM Technology Solutions by 23.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock worth $1,395,000 after buying an additional 2,655 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $2.61 during trading hours on Friday, hitting $127.12. 5,914,965 shares of the company's stock traded hands, compared to its average volume of 780,686. The business's fifty day moving average price is $131.63 and its two-hundred day moving average price is $121.60. The firm has a market capitalization of $9.47 billion, a P/E ratio of -125.86, a P/E/G ratio of 2.46 and a beta of 1.49. 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 52 week low of $84.00 and a 52 week high of $152.50.

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 for the quarter, topping the consensus estimate of $0.89 by $0.01. The business had revenue of $252.08 million during the quarter, compared to the consensus estimate of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.The firm's revenue for the quarter was up 32.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

MTSI has been the topic of several analyst reports. Bank of America lifted 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. 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. Stifel Nicolaus lifted their price target 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. 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 report on Monday, July 7th. Finally, Wall Street Zen upgraded shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and a consensus target price of $146.13.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The stock was sold at an average price of $137.40, for a total transaction of $687,000.00. Following 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Susan Ocampo sold 150,424 shares of MACOM Technology Solutions stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $132.43, for a total value of $19,920,650.32. Following the completion of the transaction, the insider owned 3,584,621 shares in the company, valued at $474,711,359.03. This trade represents a 4.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 608,235 shares of company stock worth $80,511,380. Company insiders own 16.30% of the company's stock.

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.