Allworth Financial LP Purchases 2,879 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Allworth Financial LP lifted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 91.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,035 shares of the semiconductor company’s stock after purchasing an additional 2,879 shares during the period. Allworth Financial LP’s holdings in MACOM Technology Solutions were worth $2,296,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of MTSI. Swedbank AB acquired a new stake in shares of MACOM Technology Solutions in the first quarter valued at approximately $13,059,000. Principal Financial Group Inc. increased its holdings in shares of MACOM Technology Solutions by 41.7% during the 1st quarter. Principal Financial Group Inc. now owns 195,148 shares of the semiconductor company’s stock worth $43,337,000 after acquiring an additional 57,474 shares during the last quarter. Azzad Asset Management Inc. ADV increased its holdings in shares of MACOM Technology Solutions by 94.4% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 20,113 shares of the semiconductor company’s stock worth $4,466,000 after acquiring an additional 9,767 shares during the last quarter. Fifth Third Bancorp raised its stake in MACOM Technology Solutions by 2,385.6% in the 1st quarter. Fifth Third Bancorp now owns 18,468 shares of the semiconductor company’s stock valued at $4,101,000 after acquiring an additional 17,725 shares during the period. Finally, Janus Henderson Group PLC raised its stake in MACOM Technology Solutions by 15.5% in the 1st quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock valued at $174,109,000 after acquiring an additional 105,032 shares during the period. 76.14% of the stock is owned by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other news, CFO John Kober sold 7,389 shares of the company’s stock in a transaction on 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 completion of 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 ownership of the stock. The sale was disclosed in a 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. 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 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. 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. Insiders have sold 10,261 shares of company stock worth $3,484,495 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

MACOM Technology Solutions Stock Up 0.9%

NASDAQ MTSI opened at $274.90 on Friday. The business has a fifty day moving average price of $280.19 and a two-hundred day moving average price of $295.31. The stock has a market capitalization of $20.99 billion, a PE ratio of 88.39, a PEG ratio of 1.51 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $121.97 and a fifty-two week high of $418.90. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.34 and a quick ratio of 1.78.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.05. The company had revenue of $342.24 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Weiss Ratings cut shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Stifel Nicolaus raised their target price 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. Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Finally, 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. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $341.25.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc (NASDAQ:MTSI) develops and manufactures high-performance semiconductor products for communications, aerospace and defense, industrial, and test and measurement applications. The company’s technologies are designed to support the transmission, processing, and control of high-frequency signals across a range of electronic systems.

Its product portfolio includes radio-frequency, microwave, and millimeter-wave components; analog and mixed-signal devices; compound semiconductor products; and optical components used in communications infrastructure and data-center networks.