MACOM Technology Solutions (NASDAQ:MTSI) SVP Robert Dennehy Sells 5,000 Shares

Key Points

• Robert Dennehy, SVP of MACOM Technology Solutions, sold 5,000 shares at an average price of $127.23, reducing his total holdings by 31.89%.
• The company reported a revenue increase of 32.3% year-over-year, with quarterly earnings of $0.90 per share, surpassing analyst estimates.
• MACOM Technology Solutions has received multiple upgrades from analysts, with a consensus rating of "Moderate Buy" and an average target price of $146.56.

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) SVP Robert Dennehy sold 5,000 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The stock was sold at an average price of $127.23, for a total transaction of $636,150.00. Following the sale, the senior vice president owned 10,680 shares of the company's stock, valued at $1,358,816.40. This represents a 31.89% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

MACOM Technology Solutions Stock Performance

MTSI traded up $4.30 on Monday, reaching $131.71. The company had a trading volume of 1,007,153 shares, compared to its average volume of 807,633. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The stock has a market capitalization of $9.81 billion, a PE ratio of -130.41, a P/E/G ratio of 1.88 and a beta of 1.48. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $129.29 and a 200-day moving average price of $123.27.

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, 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 firm had revenue of $252.08 million during the quarter, compared to analysts' expectations of $249.89 million. During the same period in the previous year, the company earned $0.66 earnings per share. MACOM Technology Solutions's quarterly revenue was up 32.3% compared to the same quarter last year. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Institutional Trading of MACOM Technology Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hantz Financial Services Inc. grew its holdings in MACOM Technology Solutions by 174.0% in the 2nd quarter. Hantz Financial Services Inc. now owns 211 shares of the semiconductor company's stock valued at $30,000 after buying an additional 134 shares during the period. Opal Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions in the first quarter valued at approximately $25,000. Maseco LLP purchased a new stake in MACOM Technology Solutions in the second quarter valued at approximately $48,000. SVB Wealth LLC purchased a new stake in MACOM Technology Solutions in the first quarter valued at approximately $34,000. Finally, Allworth Financial LP grew its holdings in MACOM Technology Solutions by 131.3% in the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 197 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on MTSI shares. Stifel Nicolaus upped their target price 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. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of MACOM Technology Solutions in a research note on Saturday, September 27th. Bank of America upped their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Zacks Research upgraded MACOM Technology Solutions from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 20th. Finally, Truist Financial upped their price objective on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research report on Monday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $146.56.

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.

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