Insider Selling: MACOM Technology Solutions (NASDAQ:MTSI) SVP Sells 4,128 Shares of Stock

Key Points

• Robert Dennehy, SVP of MACOM Technology Solutions, sold 4,128 shares of stock at an average price of $140.02, reducing his ownership by 38.65% to 6,552 shares.
• MACOM Technology Solutions reported a 32.3% increase in revenue year-over-year, with an earnings per share (EPS) of $0.90 for the latest quarter.
• Wall Street analysts have given MACOM Technology Solutions an average rating of "Moderate Buy" with an average price target of $146.56, reflecting optimistic outlooks on its stock performance.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Robert Dennehy sold 4,128 shares of the company's stock in a transaction dated Thursday, October 16th. The shares were sold at an average price of $140.02, for a total transaction of $578,002.56. Following the transaction, the senior vice president owned 6,552 shares in the company, valued at approximately $917,411.04. The trade was a 38.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Robert Dennehy also recently made the following trade(s):

• On Thursday, October 2nd, Robert Dennehy sold 5,000 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $127.23, for a total transaction of $636,150.00.

MACOM Technology Solutions Trading Up 2.6%

MACOM Technology Solutions stock traded up $3.51 during trading hours on Monday, reaching $140.33. 591,343 shares of the company's stock traded hands, compared to its average volume of 816,418. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83. 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 $10.45 billion, a price-to-earnings ratio of -138.94, a PEG ratio of 2.03 and a beta of 1.48. The firm's 50 day moving average is $128.56 and its 200-day moving average is $125.27.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 negative net margin of 7.71% and a positive return on equity of 14.02%. The company's revenue 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. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTSI shares. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Saturday, October 11th. Weiss Ratings restated a "sell (d+)" rating on shares of MACOM Technology Solutions in a research report on Wednesday, October 8th. Stifel Nicolaus lifted their price objective on 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 objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Bank of America lifted their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average price target of $146.56.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors have recently bought and sold shares of MTSI. Ethic Inc. acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $1,208,000. Pacer Advisors Inc. increased its position in shares of MACOM Technology Solutions by 350.4% during the 3rd quarter. Pacer Advisors Inc. now owns 11,286 shares of the semiconductor company's stock worth $1,405,000 after purchasing an additional 8,780 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of MACOM Technology Solutions by 234.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 912 shares of the semiconductor company's stock worth $114,000 after purchasing an additional 639 shares during the last quarter. Wedmont Private Capital increased its position in shares of MACOM Technology Solutions by 5.4% during the 3rd quarter. Wedmont Private Capital now owns 1,925 shares of the semiconductor company's stock worth $246,000 after purchasing an additional 99 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC increased its position in shares of MACOM Technology Solutions by 16.0% during the 3rd quarter. Silverberg Bernstein Capital Management LLC now owns 127,632 shares of the semiconductor company's stock worth $15,889,000 after purchasing an additional 17,590 shares during the last quarter. Institutional investors own 76.14% 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.

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