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

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) SVP Robert Dennehy sold 4,128 shares of the business’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $140.02, for a total value of $578,002.56. Following the completion of the sale, the senior vice president owned 6,552 shares of the company’s stock, valued at $917,411.04. This trade represents a 38.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 value of $636,150.00.

MACOM Technology Solutions Stock Up 2.6%

MACOM Technology Solutions stock opened at $140.33 on Tuesday. The stock has a market capitalization of $10.45 billion, a PE ratio of -138.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.48. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The business has a 50 day simple moving average of $129.00 and a 200-day simple moving average of $125.62. The company has a debt-to-equity ratio of 0.32, a current ratio of 3.83 and a quick ratio of 3.10.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The business had revenue of $252.08 million during the quarter, compared to analysts’ expectations 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 business’s revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.66 earnings per share. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Institutional Trading of MACOM Technology Solutions

Several large investors have recently added to or reduced their stakes in MTSI. 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 in the last quarter. SVB Wealth LLC purchased a new stake in MACOM Technology Solutions in the 1st quarter valued at $34,000. Allworth Financial LP grew its holdings in MACOM Technology Solutions by 131.3% in the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 197 shares in the last quarter. Maseco LLP purchased a new stake in MACOM Technology Solutions in the 2nd quarter valued at $48,000. Finally, Advisors Asset Management Inc. grew its holdings in MACOM Technology Solutions by 49.7% in the 1st quarter. Advisors Asset Management Inc. now owns 485 shares of the semiconductor company’s stock valued at $49,000 after buying an additional 161 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MTSI. Wall Street Zen upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Zacks Research upgraded MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 20th. Bank of America boosted their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Weiss Ratings reiterated a “sell (d+)” rating on shares of MACOM Technology Solutions in a research report on Wednesday, October 8th. Finally, Truist Financial boosted their price target on 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 given a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average 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.