MACOM Technology Solutions (NASDAQ:MTSI) Stock Price Down 8.3% – Here’s Why

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) dropped 8.3% during mid-day trading on Thursday. The company traded as low as $249.99 and last traded at $250.2570. 178,894 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,442,281 shares. The stock had previously closed at $273.05.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on MTSI shares. Weiss Ratings cut shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. BMO Capital Markets upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target on the stock in a research note on Friday, September 18th. Susquehanna dropped their price objective on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating for the company in a report on Tuesday, July 21st. Wall Street Zen raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Finally, Benchmark began coverage on MACOM Technology Solutions in a research report on Thursday, August 13th. They set a “buy” rating and a $375.00 target price for the company. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $341.25.

MACOM Technology Solutions Stock Down 15.9%

The company has a 50 day simple moving average of $282.61 and a two-hundred day simple moving average of $307.03. The company has a quick ratio of 1.78, a current ratio of 2.34 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $17.54 billion, a P/E ratio of 73.87, a PEG ratio of 0.87 and a beta of 1.77.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data 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 business had revenue of $342.24 million during 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% on a year-over-year basis. During the same period last year, the company earned $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 653 shares of the business’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $300.00, for a total transaction of $195,900.00. Following the transaction, the senior vice president owned 9,184 shares in the company, valued at $2,755,200. The trade was a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of the business’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 transaction, the chief financial officer owned 33,583 shares in the company, valued at $10,950,744.64. This trade represents a 18.03% decrease in their position. 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 90 days, insiders have sold 8,294 shares of company stock worth $2,674,656. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Several institutional investors have recently made changes to their positions in MTSI. Janus Henderson Group PLC boosted its stake in shares of MACOM Technology Solutions by 15.5% during the 1st quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock worth $174,109,000 after purchasing an additional 105,032 shares during the period. Jupiter Topco LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter valued at approximately $256,612,000. Bank of America Corp DE bought a new position in MACOM Technology Solutions in the 2nd quarter valued at $247,732,000. Bank of New York Mellon Corp purchased a new stake in shares of MACOM Technology Solutions during the second quarter valued at $204,593,000. Finally, Deutsche Bank AG bought a new position in shares of MACOM Technology Solutions in the second quarter worth about $137,970,000. Institutional investors own 76.14% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc develops and manufactures high-performance semiconductor products for applications involving radio frequency, microwave, millimeter-wave, analog, mixed-signal and optical technologies. Its offerings include integrated circuits, discrete components, modules and semiconductor devices designed to support communications, connectivity and sensing systems.

The company serves markets including telecommunications, data centers, aerospace and defense, industrial, automotive and consumer applications.