Trexquant Investment LP Invests $3.82 Million in MACOM Technology Solutions Holdings, Inc. $MTSI

Key Points

• Trexquant Investment LP has acquired a new stake in MACOM Technology Solutions Holdings, Inc., purchasing 38,018 shares valued at approximately $3.8 million during the first quarter.
• Research analysts have recently increased their price targets for MACOM, with Barclays raising their target from $125 to $150, indicating a positive outlook for the stock.
• MACOM's stock is currently down 4.3% and has experienced significant insider selling, with executives offloading shares totaling over $3.1 million in the past three months.

Trexquant Investment LP bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 38,018 shares of the semiconductor company's stock, valued at approximately $3,816,000. Trexquant Investment LP owned approximately 0.05% of MACOM Technology Solutions as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of 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 worth $667,171,000 after buying an additional 129,201 shares in the last quarter. GW&K Investment Management LLC lifted 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 in the last quarter. Millennium Management LLC lifted its stake in shares of MACOM Technology Solutions by 14.8% in the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock worth $110,513,000 after buying an additional 109,529 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of MACOM Technology Solutions by 18.4% in the first quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock worth $63,280,000 after buying an additional 97,943 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of MACOM Technology Solutions by 3.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 552,437 shares of the semiconductor company's stock worth $55,454,000 after buying an additional 20,095 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

MTSI stock traded up $1.72 during midday trading on Thursday, reaching $131.89. 668,609 shares of the company's stock traded hands, compared to its average volume of 758,340. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The stock has a market cap of $9.82 billion, a P/E ratio of -130.58, a PEG ratio of 2.43 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. The stock's 50-day moving average is $133.79 and its 200 day moving average is $120.56.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.89 by $0.01. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The business had revenue of $252.08 million during the quarter, compared to analysts' expectations of $249.89 million. During the same period in the prior year, the company earned $0.66 earnings per share. The firm's revenue was up 32.3% on a year-over-year basis. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MTSI shares. Truist Financial upped their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. Stifel Nicolaus boosted their price objective 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. Zacks Research raised shares of MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a report on Sunday, July 20th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $146.13.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the completion of the sale, the senior vice president directly owned 15,680 shares of the company's stock, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 directly owned 7,189 shares of the company's stock, valued at approximately $890,070.09. This represents a 10.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 14,180 shares of company stock valued at $1,910,714 in the last quarter. Insiders own 16.30% of the company's stock.

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.