Insider Selling: MACOM Technology Solutions (NASDAQ:MTSI) CFO Sells $206,694.39 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 973 shares of the business’s stock in a transaction dated Monday, November 9th. The shares were sold at an average price of $212.43, for a total transaction of $206,694.39. Following the completion of the sale, the chief financial officer directly owned 35,580 shares of the company’s stock, valued at approximately $7,558,259.40. This trade represents a 2.66% decrease in their ownership of the stock. The transaction 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. 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 Friday, November 6th, John Kober sold 21,036 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $206.91, for a total transaction of $4,352,558.76.
• On Monday, October 26th, John Kober sold 1,027 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $236.60, for a total transaction of $242,988.20.
• On Monday, August 17th, John Kober sold 7,389 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $249.86 on Thursday. The company has a 50 day moving average price of $269.23 and a 200-day moving average price of $282.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.99 and a current ratio of 2.53. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $150.80 and a fifty-two week high of $418.90. The company has a market capitalization of $19.08 billion, a PE ratio of 58.11, a P/E/G ratio of 0.78 and a beta of 1.82.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $420.35 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. MACOM Technology Solutions’s quarterly revenue was up 62.6% on a year-over-year basis. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 7.63 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MTSI. Zacks Research upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. Benchmark initiated coverage on MACOM Technology Solutions in a research note on Thursday, August 13th. They set a “buy” rating and a $375.00 price target on the stock. BMO Capital Markets upgraded 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 decreased their price objective on MACOM Technology Solutions from $300.00 to $220.00 and set a “neutral” rating for the company in a report on Thursday, November 5th. Finally, Weiss Ratings downgraded 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 given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $316.25.

Hedge Funds Weigh In On MACOM Technology Solutions

Hedge funds and other institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. boosted its position in MACOM Technology Solutions by 41.7% during the 1st quarter. Principal Financial Group Inc. now owns 195,148 shares of the semiconductor company’s stock valued at $43,337,000 after acquiring an additional 57,474 shares in the last quarter. Fifth Third Bancorp raised its position in shares of MACOM Technology Solutions by 2,385.6% in the 1st quarter. Fifth Third Bancorp now owns 18,468 shares of the semiconductor company’s stock worth $4,101,000 after acquiring an additional 17,725 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of 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 worth $174,109,000 after acquiring an additional 105,032 shares in the last quarter. Corient Private Wealth LP raised its position in shares of MACOM Technology Solutions by 179.6% in the 2nd quarter. Corient Private Wealth LP now owns 11,289 shares of the semiconductor company’s stock worth $4,294,000 after acquiring an additional 7,251 shares in the last quarter. Finally, E20 Capital Ltd bought a new position in shares of MACOM Technology Solutions in the 1st quarter worth $30,386,000. 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.