MACOM Technology Solutions Holdings, Inc. $MTSI Stock: Thurston Springer Miller Herd & Titak Inc. Trims Stake

Thurston Springer Miller Herd & Titak Inc. reduced its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 77.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 580 shares of the semiconductor company’s stock after selling 2,012 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in MACOM Technology Solutions were worth $165,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Janus Henderson Group PLC grew its holdings in MACOM Technology Solutions by 15.5% during the 1st quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock valued at $174,109,000 after buying an additional 105,032 shares in the last quarter. Jupiter Topco LLC purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $256,612,000. Bank of America Corp DE purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $247,732,000. Bank of New York Mellon Corp purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $204,593,000. Finally, Deutsche Bank AG bought a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at approximately $137,970,000. 76.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CFO John Kober sold 7,389 shares of the company’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the transaction, the chief financial officer directly owned 33,583 shares in the company, valued at approximately $10,950,744.64. This represents a 18.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ambra Roth sold 653 shares of the firm’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $300.00, for a total transaction of $195,900.00. Following the completion of the sale, the senior vice president directly owned 9,184 shares of the company’s stock, valued at approximately $2,755,200. The trade was a 6.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 8,294 shares of company stock valued at $2,674,656. Company insiders own 0.36% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MTSI. BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 target price for the company in a report on Friday, September 18th. Susquehanna decreased their price target on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research note on Saturday, August 8th. Finally, Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $341.25.

MACOM Technology Solutions Trading Down 5.5%

MTSI stock traded down $17.11 during midday trading on Wednesday, reaching $291.64. 478,095 shares of the company traded hands, compared to its average volume of 1,438,127. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $133.01 and a 52-week high of $418.90. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34. The business has a 50 day moving average of $285.74 and a 200-day moving average of $305.10. The firm has a market capitalization of $22.27 billion, a price-to-earnings ratio of 94.08, a P/E/G ratio of 1.01 and a beta of 1.77.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. The firm had revenue of $342.24 million during the quarter, compared to analysts’ expectations of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%. The company’s quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc (NASDAQ: MTSI) is a semiconductor company that designs and manufactures high-performance products for telecommunications, data center, industrial, aerospace and defense applications. Its technologies support the generation, transmission, reception and processing of high-frequency signals across radio frequency, microwave, millimeter-wave and optical systems.

The company’s product portfolio includes amplifiers, switches, diodes, mixers, modulators, filters, integrated circuits and other components used in wireless infrastructure, optical networks, satellite communications, radar, electronic warfare and test and measurement equipment.