The Manufacturers Life Insurance Company Makes New Investment in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• The Manufacturers Life Insurance Company initiated a roughly $54.5 million position in MACOM Technology Solutions during the second quarter, while institutional investors collectively own 76.14% of the company.
• Analyst sentiment remains generally positive, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $341.25; Needham recently raised its target to $410.
• MACOM exceeded quarterly expectations, reporting $1.40 in earnings per share and $342.24 million in revenue, up 35.8% year over year. However, the CEO and CFO sold shares under pre-arranged Rule 10b5-1 plans, and the stock opened at $272.66.

The Manufacturers Life Insurance Company bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 143,179 shares of the semiconductor company's stock, valued at approximately $54,461,000. The Manufacturers Life Insurance Company owned about 0.19% of MACOM Technology Solutions at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. S Squared Technology LLC acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at approximately $380,370,000. Algert Global LLC boosted its stake in MACOM Technology Solutions by 59.4% during the second quarter. Algert Global LLC now owns 45,900 shares of the semiconductor company's stock worth $17,459,000 after buying an additional 17,100 shares during the last quarter. Cibc World Market Inc. acquired a new position in MACOM Technology Solutions during the second quarter worth $4,116,000. Ranger Investment Management L.P. purchased a new stake in MACOM Technology Solutions in the 2nd quarter valued at $38,222,000. Finally, Sanctuary Advisors LLC purchased a new stake in MACOM Technology Solutions in the 2nd quarter valued at $1,019,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Stephen G. Daly sold 15,828 shares of the company's stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $365.75, for a total value of $5,789,091.00. Following the transaction, the chief executive officer directly owned 38,389 shares in the company, valued at approximately $14,040,776.75. This represents a 29.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of the firm's stock in a transaction on Monday, August 17th. The stock was sold at an average price of $326.08, for a total value of $2,409,405.12. Following the transaction, the chief financial officer owned 33,583 shares of the company's stock, valued at approximately $10,950,744.64. This represents a 18.03% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 25,837 shares of company stock valued at $9,204,236. Company insiders own 0.36% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on MTSI. HC Wainwright reiterated a "buy" rating on shares of MACOM Technology Solutions in a report on Wednesday, June 3rd. JPMorgan Chase & Co. upped their price objective on shares of MACOM Technology Solutions from $240.00 to $345.00 and gave the company a "neutral" rating in a report on Friday, May 8th. Truist Financial raised their price objective on shares of MACOM Technology Solutions from $261.00 to $375.00 and gave the stock a "buy" rating in a research report on Friday, May 8th. Weiss Ratings cut shares of MACOM Technology Solutions from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. Finally, Needham & Company LLC boosted their target price on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the company a "buy" rating in a report on Thursday, August 6th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $341.25.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $272.66 on Thursday. The stock has a fifty day simple moving average of $304.19 and a 200-day simple moving average of $293.25. The company has a current ratio of 2.34, a quick ratio of 1.78 and a debt-to-equity ratio of 0.04. The stock has a market cap of $20.82 billion, a PE ratio of 87.67, a P/E/G ratio of 1.53 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $121.97 and a twelve month high of $418.90.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.05. The company had revenue of $342.24 million for the quarter, compared to analysts' expectations of $336.08 million. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. MACOM Technology Solutions's revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.90 earnings per share. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 4.12 earnings per share for the current year.

MACOM Technology Solutions Profile

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM's offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company's solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.

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