MACOM Technology Solutions (NASDAQ:MTSI) Stock: Insider Stephen Daly Sells 59,939 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen Daly sold 59,939 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $245.12, for a total value of $14,692,247.68. Following the transaction, the chief executive officer owned 39,239 shares of the company’s stock, valued at $9,618,263.68. The trade was a 60.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $13.70 during trading on Friday, reaching $232.06. 1,439,783 shares of the company’s stock were exchanged, compared to its average volume of 2,051,579. The business has a 50 day moving average price of $268.44 and a 200-day moving average price of $283.19. The stock has a market capitalization of $17.72 billion, a P/E ratio of 53.97, a PEG ratio of 0.86 and a beta of 1.82. The company has a debt-to-equity ratio of 0.04, a current ratio of 2.53 and a quick ratio of 1.99. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $150.80 and a fifty-two week high of $418.90.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MTSI. Jupiter Topco LLC acquired a new stake in shares of MACOM Technology Solutions during the second quarter worth $256,612,000. Bank of America Corp DE bought a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $247,732,000. Bank of New York Mellon Corp bought a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $204,593,000. Janus Henderson Group PLC grew its stake in shares of 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 valued at $174,109,000 after acquiring an additional 105,032 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of MACOM Technology Solutions by 0.5% in the third quarter. Bessemer Group Inc. now owns 531,679 shares of the semiconductor company’s stock valued at $151,433,000 after acquiring an additional 2,617 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MTSI shares. Raymond James Financial upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 price target on the stock in a research note on Tuesday, October 27th. Needham & Company LLC reduced their price objective on shares of MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating for the company in a research report on Thursday, November 5th. Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price objective on the stock in a research report on Friday, September 18th. Finally, Weiss Ratings downgraded shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Two equities research 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 company. According to data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $316.25.

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.