T. Rowe Price Investment Management Inc. Reduces Position in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• T. Rowe Price Investment Management Inc. reduced its stake in MACOM Technology Solutions by 15.7%, holding approximately $125.61 million in shares after selling 233,588 shares in the 1st quarter.
• Several institutional investors increased their positions in MACOM, with Brooklyn Investment Group raising its stake by an astonishing 60,900%, now owning 610 shares worth $61,000.
• MACOM Technology Solutions reported earnings of $0.90 per share for the latest quarter, surpassing analysts' expectations and showing a 32.3% year-over-year increase in revenue.

T. Rowe Price Investment Management Inc. lessened its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 15.7% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,251,297 shares of the semiconductor company's stock after selling 233,588 shares during the quarter. T. Rowe Price Investment Management Inc. owned approximately 1.68% of MACOM Technology Solutions worth $125,606,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elequin Capital LP purchased a new position in MACOM Technology Solutions in the 4th quarter valued at $26,000. Opal Wealth Advisors LLC bought a new position in MACOM Technology Solutions during the 1st quarter worth $25,000. Versant Capital Management Inc lifted its holdings in shares of MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after buying an additional 282 shares during the period. Allworth Financial LP increased its holdings in shares of MACOM Technology Solutions by 131.3% during the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 197 shares during the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of MACOM Technology Solutions by 60,900.0% in the 1st quarter. Brooklyn Investment Group now owns 610 shares of the semiconductor company's stock worth $61,000 after acquiring an additional 609 shares during the period. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Price Performance

MTSI traded up $1.28 on Wednesday, hitting $129.61. 212,718 shares of the company were exchanged, compared to its average volume of 753,970. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The firm has a market capitalization of $9.65 billion, a P/E ratio of -128.80, a price-to-earnings-growth ratio of 2.40 and a beta of 1.38. 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 business's fifty day moving average is $134.64 and its 200 day moving average is $120.23.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released 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. The business had revenue of $252.08 million during the quarter, compared to analyst estimates 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 business's revenue was up 32.3% on a year-over-year basis. During the same period last year, the business earned $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling

In other news, CFO John Kober sold 2,250 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $125.65, for a total value of $282,712.50. Following the sale, the chief financial officer owned 47,128 shares of the company's stock, valued at approximately $5,921,633.20. This represents a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Stephen G. Daly sold 14,665 shares of the stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $122.71, for a total transaction of $1,799,542.15. Following the completion of the sale, the chief executive officer owned 36,327 shares in the company, valued at $4,457,686.17. This represents a 28.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,469 shares of company stock worth $5,191,060. Insiders own 16.30% of the company's stock.

Analyst Ratings Changes

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

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.