MACOM Technology Solutions (NASDAQ:MTSI) CFO Sells 21,036 Shares of Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 21,036 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was sold at an average price of $206.91, for a total value of $4,352,558.76. Following the transaction, the chief financial officer directly owned 36,553 shares of the company’s stock, valued at approximately $7,563,181.23. This represents a 36.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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.

John Kober also recently made the following trade(s):

• On Monday, November 9th, John Kober sold 973 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $212.43, for a total value of $206,694.39.
• On Monday, October 26th, John Kober sold 1,027 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $236.60, for a total value of $242,988.20.
• On Monday, August 17th, John Kober sold 7,389 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $326.08, for a total value of $2,409,405.12.

MACOM Technology Solutions Trading Up 9.0%

Shares of MTSI traded up $19.02 during mid-day trading on Monday, reaching $230.00. 3,600,341 shares of the company were exchanged, compared to its average volume of 1,786,318. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $150.80 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 stock has a market capitalization of $17.57 billion, a PE ratio of 53.49, a PEG ratio of 0.76 and a beta of 1.82. The business has a 50 day simple moving average of $270.22 and a two-hundred day simple moving average of $282.83.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, November 5th. The semiconductor company reported $2.09 EPS for the quarter, beating the consensus estimate of $2.00 by $0.09. The business had revenue of $424.82 million for the quarter, compared to analysts’ expectations of $420.35 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%. The firm’s revenue was up 62.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.94 earnings per share. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 7.09 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently commented on MTSI. Susquehanna cut their target price on MACOM Technology Solutions from $300.00 to $220.00 and set a “neutral” rating on the stock in a research report on Thursday. Weiss Ratings downgraded shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Benchmark initiated coverage on shares of MACOM Technology Solutions in a research note on Thursday, August 13th. They issued a “buy” rating and a $375.00 price objective for the company. Needham & Company LLC reduced their price target on shares of MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating for the company in a report on Thursday. Finally, BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target for the company in a research note on Friday, September 18th. Two investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $316.25.

Hedge Funds Weigh In On MACOM Technology Solutions

A number of large investors have recently modified their holdings of MTSI. Janus Henderson Group PLC grew its position 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 purchasing an additional 105,032 shares during the period. Jupiter Topco LLC acquired a new position in MACOM Technology Solutions during the second quarter worth $256,612,000. Bank of America Corp DE acquired a new position in MACOM Technology Solutions during the second quarter worth $247,732,000. Bank of New York Mellon Corp bought a new position in shares of MACOM Technology Solutions in the second quarter valued at $204,593,000. Finally, Bessemer Group Inc. grew its holdings in shares of MACOM Technology Solutions by 0.5% during the third quarter. Bessemer Group Inc. now owns 531,679 shares of the semiconductor company’s stock valued at $151,433,000 after buying an additional 2,617 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

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.

Headquartered in Lowell, Massachusetts, MACOM traces its history to Microwave Associates, founded in 1950.