MACOM Technology Solutions Holdings, Inc. $MTSI Shares Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company increased its stake in MACOM Technology Solutions by 9.1%, owning approximately 0.83% of the company with a total value of $61.95 million as of its latest SEC filing.
• Multiple institutional investors have recently acquired positions in MACOM, with hedge funds now holding 76.14% of the company's stock, indicating strong institutional interest.
• MACOM Technology Solutions' stock received multiple upgrades from analysts, with price targets raised by firms including Bank of America and Stifel Nicolaus, reflecting positive sentiment towards the company's future performance.

The Manufacturers Life Insurance Company lifted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 9.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 617,174 shares of the semiconductor company's stock after purchasing an additional 51,531 shares during the quarter. The Manufacturers Life Insurance Company owned 0.83% of MACOM Technology Solutions worth $61,952,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in MACOM Technology Solutions by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock valued at $667,171,000 after purchasing an additional 129,201 shares during the last quarter. GW&K Investment Management LLC increased its stake in shares of MACOM Technology Solutions by 9.9% in the first quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company's stock worth $127,990,000 after buying an additional 114,780 shares during the period. Millennium Management LLC raised its holdings in MACOM Technology Solutions by 14.8% during the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after buying an additional 109,529 shares during the last quarter. Jennison Associates LLC boosted its position in MACOM Technology Solutions by 18.4% during the 1st quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock valued at $63,280,000 after buying an additional 97,943 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in MACOM Technology Solutions by 3.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 552,437 shares of the semiconductor company's stock valued at $55,454,000 after buying an additional 20,095 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Activity

In other news, SVP Robert Dennehy sold 5,000 shares of the stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total transaction of $702,100.00. Following the transaction, the senior vice president owned 15,680 shares in the company, valued at $2,201,785.60. This trade represents a 24.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of MACOM Technology Solutions 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 sale, the senior vice president directly owned 30,779 shares in the company, valued at approximately $4,229,034.60. This trade represents a 13.97% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,800 shares of company stock valued at $1,611,548. 16.30% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI traded down $1.79 during trading on Friday, hitting $130.11. The stock had a trading volume of 641,644 shares, compared to its average volume of 757,537. The stock has a market capitalization of $9.69 billion, a price-to-earnings ratio of -129.08, a price-to-earnings-growth ratio of 2.47 and a beta of 1.49. The stock has a 50-day simple moving average of $133.59 and a two-hundred day simple moving average of $120.63. 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.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced 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 company had revenue of $252.08 million for 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 last year, the firm earned $0.66 EPS. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have weighed in on MTSI. Bank of America increased their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Zacks Research raised MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Barclays increased their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Stifel Nicolaus increased 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. Finally, Benchmark reaffirmed a "buy" rating and set a $160.00 target price 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 stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $146.13.

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.