Jennison Associates LLC Has $66.56 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. $MTSI

Jennison Associates LLC decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 15.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 299,725 shares of the semiconductor company’s stock after selling 52,925 shares during the quarter. Jennison Associates LLC’s holdings in MACOM Technology Solutions were worth $66,560,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. California Public Employees Retirement System lifted its stake in MACOM Technology Solutions by 3.9% in the 1st quarter. California Public Employees Retirement System now owns 110,216 shares of the semiconductor company’s stock worth $24,476,000 after acquiring an additional 4,104 shares in the last quarter. Bank of New York Mellon Corp boosted its position in MACOM Technology Solutions by 4.2% during the 1st quarter. Bank of New York Mellon Corp now owns 400,926 shares of the semiconductor company’s stock worth $89,034,000 after acquiring an additional 16,043 shares during the period. Sigma Planning Corp purchased a new position in MACOM Technology Solutions during the 1st quarter valued at about $779,000. Maryland State Retirement & Pension System grew its stake in MACOM Technology Solutions by 10.0% during the 1st quarter. Maryland State Retirement & Pension System now owns 3,384 shares of the semiconductor company’s stock valued at $751,000 after acquiring an additional 309 shares in the last quarter. Finally, State of Michigan Retirement System increased its holdings in shares of MACOM Technology Solutions by 2.6% in the 1st quarter. State of Michigan Retirement System now owns 15,500 shares of the semiconductor company’s stock valued at $3,442,000 after purchasing an additional 400 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $267.36 on Monday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $118.16 and a fifty-two week high of $418.90. The stock’s 50-day moving average is $358.21 and its two-hundred day moving average is $278.84. The company has a debt-to-equity ratio of 0.29, a current ratio of 7.52 and a quick ratio of 5.84. The firm has a market cap of $20.40 billion, a P/E ratio of 115.74, a PEG ratio of 2.19 and a beta of 1.65.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.07 by $0.02. The business had revenue of $288.95 million during the quarter, compared to analyst estimates of $285.20 million. MACOM Technology Solutions had a return on equity of 16.01% and a net margin of 16.46%.The firm’s revenue was up 22.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.85 EPS. MACOM Technology Solutions has set its Q3 2026 guidance at 1.310-1.370 EPS. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 3.68 earnings per share for the current fiscal year.

Insider Activity

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 15,828 shares of the business’s stock in a transaction that occurred on Friday, May 29th. The shares were sold at an average price of $365.75, for a total value 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 $14,040,776.75. The trade was a 29.19% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,644 shares of the stock in a transaction on Monday, May 18th. The stock was sold at an average price of $359.25, for a total transaction of $2,746,107.00. Following the transaction, the chief financial officer owned 40,972 shares in the company, valued at approximately $14,719,191. This trade represents a 15.72% 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 78,096 shares of company stock valued at $28,760,941. 0.36% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on MTSI shares. Susquehanna increased their price target on shares of MACOM Technology Solutions from $300.00 to $350.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Loop Capital began coverage on shares of MACOM Technology Solutions in a research report on Friday, April 10th. They set a “buy” rating and a $300.00 price objective on the stock. HC Wainwright reiterated a “buy” rating on shares of MACOM Technology Solutions in a research note on Wednesday, June 3rd. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Finally, Needham & Company LLC lifted their target price on shares of MACOM Technology Solutions from $250.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $335.00.

MACOM Technology Solutions Company Profile

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.