Jennison Associates LLC Sells 42,668 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Jennison Associates LLC trimmed its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 6.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 587,738 shares of the semiconductor company’s stock after selling 42,668 shares during the quarter. Jennison Associates LLC owned 0.79% of MACOM Technology Solutions worth $84,217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of MACOM Technology Solutions by 8.7% during the 2nd quarter. Teacher Retirement System of Texas now owns 17,942 shares of the semiconductor company’s stock valued at $2,571,000 after buying an additional 1,431 shares during the period. Bessemer Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 44.0% during the 2nd quarter. Bessemer Group Inc. now owns 347 shares of the semiconductor company’s stock valued at $50,000 after buying an additional 106 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of MACOM Technology Solutions by 29.2% during the 2nd quarter. Envestnet Asset Management Inc. now owns 126,887 shares of the semiconductor company’s stock valued at $18,182,000 after buying an additional 28,679 shares during the period. Oppenheimer Asset Management Inc. lifted its holdings in shares of MACOM Technology Solutions by 20.5% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 16,748 shares of the semiconductor company’s stock valued at $2,400,000 after buying an additional 2,852 shares during the period. Finally, AlphaQuest LLC lifted its holdings in shares of MACOM Technology Solutions by 245.9% during the 2nd quarter. AlphaQuest LLC now owns 1,968 shares of the semiconductor company’s stock valued at $282,000 after buying an additional 1,399 shares during the period. 76.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MTSI has been the topic of several research analyst reports. TD Cowen started coverage on MACOM Technology Solutions in a report on Wednesday, October 1st. They set a “buy” rating and a $150.00 price target on the stock. Stifel Nicolaus upped their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Truist Financial upped their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Weiss Ratings restated a “sell (d+)” rating on shares of MACOM Technology Solutions in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $150.50.

MACOM Technology Solutions Trading Up 3.2%

Shares of MTSI stock opened at $152.66 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $154.54. The company has a debt-to-equity ratio of 0.32, a quick ratio of 3.10 and a current ratio of 3.83. The firm has a market capitalization of $11.37 billion, a PE ratio of -151.15, a PEG ratio of 2.19 and a beta of 1.48. The stock has a fifty day simple moving average of $131.72 and a two-hundred day simple moving average of $127.91.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.01. The firm had revenue of $252.08 million during the quarter, compared to analyst estimates of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%.The business’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.66 earnings per share. MACOM Technology Solutions has set its Q4 2025 guidance at 0.910-0.950 EPS. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, major shareholder Susan Ocampo sold 150,424 shares of the firm’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $132.43, for a total transaction of $19,920,650.32. Following the completion of the transaction, the insider owned 3,584,621 shares in the company, valued at $474,711,359.03. This trade represents a 4.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold a total of 1,420,839 shares of company stock worth $191,324,004 in the last ninety days. Company insiders own 16.30% of the company’s stock.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.