35,286 MACOM Technology Solutions Holdings, Inc. $MTSI Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 36.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 132,549 shares of the semiconductor company’s stock after buying an additional 35,286 shares during the quarter. Retirement Systems of Alabama’s holdings in MACOM Technology Solutions were worth $37,753,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC boosted its stake in MACOM Technology Solutions by 22.7% during the third quarter. Allspring Global Investments Holdings LLC now owns 444,130 shares of the semiconductor company’s stock worth $133,963,000 after buying an additional 82,068 shares during the period. Pictet Asset Management Holding SA increased its position in MACOM Technology Solutions by 1.9% during the third quarter. Pictet Asset Management Holding SA now owns 10,692 shares of the semiconductor company’s stock valued at $3,045,000 after acquiring an additional 199 shares during the last quarter. Alps Advisors Inc. purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at $743,000. CenterBook Partners LP purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at $859,000. Finally, Commonwealth Equity Services LLC raised its stake in shares of MACOM Technology Solutions by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 4,700 shares of the semiconductor company’s stock valued at $1,339,000 after acquiring an additional 536 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI opened at $226.48 on Wednesday. The business has a fifty day moving average of $269.47 and a 200 day moving average of $282.84. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $150.80 and a 52-week high of $418.90. The company has a quick ratio of 1.99, a current ratio of 2.53 and a debt-to-equity ratio of 0.04. The stock has a market cap of $17.30 billion, a P/E ratio of 52.67, a PEG ratio of 0.84 and a beta of 1.82.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, November 5th. The semiconductor company reported $2.09 EPS for the quarter, beating the consensus estimate 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 company had revenue of $424.82 million for the quarter, compared to the consensus estimate of $420.35 million. During the same quarter in the prior year, the company posted $0.94 EPS. 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, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 7.23 EPS for the current year.

Analyst Ratings Changes

MTSI has been the subject of several analyst reports. Zacks Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, August 24th. JPMorgan Chase & Co. dropped their price target on shares of MACOM Technology Solutions from $345.00 to $280.00 and set a “neutral” rating for the company in a research note on Friday, November 6th. Stifel Nicolaus set a $360.00 price target on shares of MACOM Technology Solutions in a report on Thursday, November 5th. Raymond James Financial raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 price objective on the stock in a research report on Tuesday, October 27th. Finally, Susquehanna decreased their price objective on shares of MACOM Technology Solutions from $300.00 to $220.00 and set a “neutral” rating for the company in a research note on Thursday, November 5th. Two investment analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $316.25.

Key Headlines Impacting MACOM Technology Solutions

Here are the key news stories impacting MACOM Technology Solutions this week:

• Positive Sentiment: MACOM’s latest quarterly results beat expectations: EPS was $2.09 versus a $2.00 consensus estimate, revenue reached $424.82 million versus $420.35 million expected, and revenue grew 62.6% year over year. Its Q1 2027 EPS guidance is $2.21–$2.29.
• Neutral Sentiment: CFO John Kober and SVP Ambra Roth reported share sales, including Roth’s sale of 9,497 shares worth about $2.15 million. The reported transactions were made under pre-arranged Rule 10b5-1 plans to cover tax withholding on vested equity awards, which may make them less indicative of a negative view on the stock. Insider sale report
• Neutral Sentiment: A report listed short interest at zero shares as of November 10, suggesting little reported short positioning, though the figure’s investment significance is unclear.
• Negative Sentiment: JPMorgan lowered its MTSI price target to $280 from $345 and maintained a neutral rating. Truist Financial also cut its price target, adding to recent analyst caution. Truist price-target report

Insider Transactions at MACOM Technology Solutions

In other news, COO Robert Dennehy sold 252 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $275.20, for a total value of $69,350.40. Following the transaction, the chief operating officer directly owned 12,758 shares in the company, valued at approximately $3,511,001.60. This represents a 1.94% decrease in their ownership of the stock. 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, SVP Ambra R. Roth sold 9,497 shares of the firm’s stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $226.65, for a total transaction of $2,152,495.05. Following the completion of the transaction, the senior vice president directly owned 15,666 shares in the company, valued at $3,550,698.90. This represents a 37.74% decrease in their position. 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. Over the last ninety days, insiders sold 40,827 shares of company stock worth $9,629,392. 0.36% of the stock is currently owned by insiders.

MACOM Technology Solutions Profile

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.