MACOM Technology Solutions (NASDAQ:MTSI) Stock Price Up 12.5% – Here’s What Happened

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)’s stock price traded up 12.5% during trading on Wednesday. The stock traded as high as $256.66 and last traded at $254.7580. Approximately 663,579 shares traded hands during trading, a decline of 56% from the average daily volume of 1,501,949 shares. The stock had previously closed at $226.48.

Analysts Set New Price Targets

A number of research firms recently weighed in on MTSI. Weiss Ratings lowered shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Needham & Company LLC lowered their target price on shares of MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating on the stock in a research note on Thursday, November 5th. Zacks Research raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Finally, Raymond James Financial upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 price target for the company in a research report on Tuesday, October 27th. Two investment analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.25.

MACOM Technology Solutions Stock Down 1.6%

The company has a debt-to-equity ratio of 0.04, a current ratio of 2.53 and a quick ratio of 1.99. The company has a market cap of $18.77 billion, a PE ratio of 57.15, a price-to-earnings-growth ratio of 0.87 and a beta of 1.82. The company has a fifty day moving average price of $269.00 and a 200 day moving average price of $283.13.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.09. The company had revenue of $424.82 million for the quarter, compared to analysts’ expectations of $420.35 million. MACOM Technology Solutions had a net margin of 25.25% and a return on equity of 22.46%. MACOM Technology Solutions’s revenue for the quarter was up 62.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. As a group, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 7.56 EPS for the current year.

Insider Activity

In related news, CFO John Kober sold 973 shares of the company’s stock in a transaction on Monday, November 9th. The shares were sold at an average price of $212.43, for a total value of $206,694.39. Following the completion of the transaction, the chief financial officer directly owned 35,580 shares in the company, valued at approximately $7,558,259.40. The trade was a 2.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Robert Dennehy sold 252 shares of the company’s stock in a transaction on Friday, August 28th. The stock was sold at an average price of $275.20, for a total transaction of $69,350.40. Following the completion of the transaction, the chief operating officer owned 12,758 shares of the company’s stock, valued at $3,511,001.60. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 40,827 shares of company stock worth $9,629,392. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On MACOM Technology Solutions

Hedge funds have recently added to or reduced their stakes in the company. Jupiter Topco LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $256,612,000. Bank of America Corp DE bought a new stake in MACOM Technology Solutions in the 2nd quarter worth approximately $247,732,000. Bank of New York Mellon Corp purchased a new stake in MACOM Technology Solutions in the second quarter worth approximately $204,593,000. Janus Henderson Group PLC boosted its stake in MACOM Technology Solutions by 15.5% in the first quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock worth $174,109,000 after buying an additional 105,032 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in MACOM Technology Solutions by 0.5% in the third quarter. Bessemer Group Inc. now owns 531,679 shares of the semiconductor company’s stock worth $151,433,000 after buying an additional 2,617 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions designs and supplies semiconductor products for applications that use radio frequency, microwave, millimeter-wave and optical signals. Its products include amplifiers, switches, diodes, mixers, attenuators and other components used in communications and electronic systems. The company serves customers in markets including telecommunications, data centers, aerospace and defense, and industrial applications. Its components are used in equipment such as wireless infrastructure, high-speed optical networks, radar and test systems.