HighTower Advisors LLC Has $5.79 Million Stock Position in MACOM Technology Solutions Holdings, Inc. $MTSI

HighTower Advisors LLC boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 48.4% in the 2nd quarter, HoldingsChannel reports. The firm owned 15,236 shares of the semiconductor company’s stock after buying an additional 4,967 shares during the period. HighTower Advisors LLC’s holdings in MACOM Technology Solutions were worth $5,795,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in MACOM Technology Solutions during the second quarter worth about $5,591,000. California State Teachers Retirement System raised its stake in shares of MACOM Technology Solutions by 37,467.0% in the second quarter. California State Teachers Retirement System now owns 29,824,812 shares of the semiconductor company’s stock valued at $11,344,464,000 after acquiring an additional 29,745,421 shares during the last quarter. Greenland Capital Management LP bought a new position in shares of MACOM Technology Solutions in the second quarter valued at approximately $690,000. Wedmont Private Capital boosted its holdings in shares of MACOM Technology Solutions by 7.6% in the 2nd quarter. Wedmont Private Capital now owns 2,566 shares of the semiconductor company’s stock worth $976,000 after acquiring an additional 182 shares in the last quarter. Finally, HB Wealth Management LLC boosted its holdings in shares of MACOM Technology Solutions by 19.1% in the 2nd quarter. HB Wealth Management LLC now owns 1,451 shares of the semiconductor company’s stock worth $552,000 after acquiring an additional 233 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Down 4.8%

Shares of MTSI opened at $272.43 on Friday. The firm has a market capitalization of $20.81 billion, a price-to-earnings ratio of 87.60, a PEG ratio of 1.58 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34. The business’s fifty day moving average price is $281.13 and its two-hundred day moving average price is $295.45. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $121.97 and a 52 week high of $418.90.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 6th. The semiconductor company reported $1.40 EPS for the quarter, beating the consensus estimate of $1.35 by $0.05. The company had revenue of $342.24 million during the quarter, compared to analysts’ expectations of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%.The business’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period last year, the firm earned $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MTSI shares. Weiss Ratings lowered MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Susquehanna decreased their target price on MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Stifel Nicolaus lifted their price target on MACOM Technology Solutions from $385.00 to $450.00 and gave the company a “buy” rating in a report on Wednesday, June 24th. Finally, HC Wainwright reiterated a “buy” rating on shares of MACOM Technology Solutions in a research report on Wednesday, June 3rd. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $341.25.

Insider Buying and Selling

In related news, SVP Donghyun Hwang sold 2,620 shares of MACOM Technology Solutions stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $383.87, for a total value of $1,005,739.40. Following the completion of the sale, the senior vice president directly owned 29,756 shares in the company, valued at $11,422,435.72. This trade represents a 8.09% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO John Kober sold 7,389 shares of the business’s stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $326.08, for a total value of $2,409,405.12. Following the sale, the chief financial officer directly owned 33,583 shares of the company’s stock, valued at $10,950,744.64. This represents a 18.03% 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. Insiders sold a total of 10,261 shares of company stock worth $3,484,495 over the last three months. 0.36% of the stock is currently owned by company insiders.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc (NASDAQ:MTSI) develops and manufactures high-performance semiconductor products for communications, aerospace and defense, industrial, and test and measurement applications. The company’s technologies are designed to support the transmission, processing, and control of high-frequency signals across a range of electronic systems.

Its product portfolio includes radio-frequency, microwave, and millimeter-wave components; analog and mixed-signal devices; compound semiconductor products; and optical components used in communications infrastructure and data-center networks.