116,564 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the third quarter, HoldingsChannel.com reports. The fund bought 116,564 shares of the semiconductor company’s stock, valued at approximately $33,200,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTSI. Janus Henderson Group PLC increased its position in 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 worth $174,109,000 after buying an additional 105,032 shares in the last quarter. Jupiter Topco LLC purchased a new position in MACOM Technology Solutions during the second quarter valued at approximately $256,612,000. Bank of America Corp DE bought a new position in shares of MACOM Technology Solutions in the second quarter worth approximately $247,732,000. Bank of New York Mellon Corp bought a new position in shares of MACOM Technology Solutions in the second quarter worth approximately $204,593,000. Finally, Deutsche Bank AG bought a new position in shares of MACOM Technology Solutions in the second quarter worth approximately $137,970,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insiders Place Their Bets

In related news, SVP Ambra R. Roth sold 653 shares of the 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 sale, the senior vice president directly owned 9,184 shares of the company’s stock, valued at approximately $2,755,200. This represents a 6.64% decrease in their ownership of the stock. The sale was disclosed in a 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 1,027 shares of the business’s stock in a transaction that occurred on Monday, October 26th. The shares were sold at an average price of $236.60, for a total value of $242,988.20. Following the completion of the sale, the chief financial officer owned 34,405 shares of the company’s stock, valued at $8,140,223. This trade represents a 2.90% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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. In the last quarter, insiders have sold 9,321 shares of company stock valued at $2,917,644. Insiders own 0.36% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on MTSI. Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. Raymond James Financial raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 target price on the stock in a research note on Tuesday, October 27th. Wall Street Zen raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Benchmark started coverage on MACOM Technology Solutions in a research note on Thursday, August 13th. They issued a “buy” rating and a $375.00 price target for the company. Finally, Needham & Company LLC lifted their price objective on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $338.08.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $234.39 on Monday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $144.06 and a 52-week high of $418.90. The firm has a market capitalization of $17.90 billion, a P/E ratio of 75.37, a P/E/G ratio of 0.77 and a beta of 1.82. The stock has a 50 day moving average price of $275.89 and a 200 day moving average price of $282.80. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.05. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. The business had revenue of $342.24 million for the quarter, compared to analyst estimates of $336.08 million. During the same period last year, the company posted $0.90 earnings per share. The company’s quarterly revenue was up 35.8% compared to the same quarter last year. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current year.

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.