Principal Financial Group Inc. Acquires 57,474 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Principal Financial Group Inc. lifted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 41.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 195,148 shares of the semiconductor company’s stock after buying an additional 57,474 shares during the period. Principal Financial Group Inc.’s holdings in MACOM Technology Solutions were worth $43,337,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. GHP Investment Advisors Inc. bought a new stake in MACOM Technology Solutions during the first quarter worth about $31,000. Measured Wealth Private Client Group LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $30,000. Advisory Services Network LLC bought a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth approximately $25,000. Bayforest Capital Ltd bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $39,000. Finally, Clearstead Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 156.5% in the 4th quarter. Clearstead Advisors LLC now owns 236 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 144 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Insider Activity at MACOM Technology Solutions

In related news, CEO Stephen G. Daly sold 15,828 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $365.75, for a total transaction of $5,789,091.00. Following the completion of the sale, the chief executive officer directly owned 38,389 shares of the company’s stock, valued at approximately $14,040,776.75. This trade represents a 29.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Peter Y. Chung sold 43,268 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $378.20, for a total value of $16,363,957.60. Following the completion of the sale, the director owned 6,781 shares of the company’s stock, valued at $2,564,574.20. This trade represents a 86.45% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 78,096 shares of company stock valued at $28,760,941 in the last 90 days. Corporate insiders own 0.36% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of MACOM Technology Solutions from $400.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, May 22nd. Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $385.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Susquehanna lifted their price target on MACOM Technology Solutions from $300.00 to $350.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, Bank of America boosted their price target on MACOM Technology Solutions from $260.00 to $305.00 and gave the stock a “buy” rating in a research report on Monday, April 13th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $335.00.

MACOM Technology Solutions Stock Down 3.0%

Shares of MTSI opened at $267.36 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $118.16 and a 52 week high of $418.90. The firm has a market cap of $20.40 billion, a P/E ratio of 115.74, a price-to-earnings-growth ratio of 2.26 and a beta of 1.65. The firm’s 50-day simple moving average is $358.21 and its 200 day simple moving average is $278.10. The company has a debt-to-equity ratio of 0.29, a quick ratio of 5.84 and a current ratio of 7.52.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, May 7th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.02. MACOM Technology Solutions had a net margin of 16.46% and a return on equity of 16.01%. The firm had revenue of $288.95 million during the quarter, compared to the consensus estimate of $285.20 million. During the same period last year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. MACOM Technology Solutions has set its Q3 2026 guidance at 1.310-1.370 EPS. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 3.68 earnings per share for the current year.

About MACOM Technology Solutions

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.