Thurston Springer Miller Herd & Titak Inc. Sells 2,012 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Thurston Springer Miller Herd & Titak Inc. decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 77.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 580 shares of the semiconductor company’s stock after selling 2,012 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in MACOM Technology Solutions were worth $165,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Jupiter Topco LLC purchased a new position in shares of MACOM Technology Solutions during the 2nd quarter worth $256,612,000. Bank of America Corp DE bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at $247,732,000. Bank of New York Mellon Corp bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at $204,593,000. Deutsche Bank AG bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at $137,970,000. Finally, TimesSquare Capital Management LLC purchased a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth $99,499,000. Institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling

In related news, COO Robert Dennehy sold 252 shares of MACOM Technology Solutions stock in a transaction that occurred 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 sale, the chief operating officer owned 12,758 shares of the company’s stock, valued at approximately $3,511,001.60. This trade represents a 1.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ambra Roth sold 653 shares of the business’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $300.00, for a total value of $195,900.00. Following the completion of the transaction, the senior vice president directly owned 9,184 shares in the company, valued at approximately $2,755,200. This represents a 6.64% 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. Over the last 90 days, insiders sold 8,294 shares of company stock worth $2,674,656. 0.36% of the stock is owned by corporate insiders.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI traded down $17.11 during midday trading on Wednesday, reaching $291.64. The stock had a trading volume of 478,095 shares, compared to its average volume of 1,438,127. The stock has a 50-day moving average of $285.74 and a 200-day moving average of $305.10. 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 company has a market capitalization of $22.27 billion, a price-to-earnings ratio of 94.08, a price-to-earnings-growth ratio of 1.01 and a beta of 1.77. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $133.01 and a 12-month high of $418.90.

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

Analyst Ratings Changes

MTSI has been the topic of several analyst reports. Zacks Research upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. BMO Capital Markets raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target for the company in a report on Friday, September 18th. Susquehanna reduced their price target on MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Wednesday, June 24th. Finally, Needham & Company LLC raised their price objective on MACOM Technology Solutions from $400.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Two analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $341.25.

MACOM Technology Solutions Company Profile

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.