MACOM Technology Solutions (NASDAQ:MTSI) Stock Price Down 9.4% – Should You Sell?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) fell 9.4% during trading on Monday . The company traded as low as $244.94 and last traded at $248.9290. Approximately 147,242 shares changed hands during trading, a decline of 90% from the average daily volume of 1,438,251 shares. The stock had previously closed at $274.90.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on MTSI. Needham & Company LLC lifted their target price on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Weiss Ratings downgraded shares of MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Susquehanna dropped their price target on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. BMO Capital Markets assumed coverage on shares of MACOM Technology Solutions in a report on Friday, August 21st. They issued a “market perform” rating and a $335.00 price objective for the company. Finally, Zacks Research upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $341.25.

MACOM Technology Solutions Stock Performance

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 firm’s 50 day simple moving average is $277.13 and its 200-day simple moving average is $295.50. The company has a market cap of $18.33 billion, a price-to-earnings ratio of 77.18, a PEG ratio of 1.33 and a beta of 1.71.

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

Insider Activity at MACOM Technology Solutions

In other news, CFO John Kober sold 7,389 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12. Following the transaction, the chief financial officer directly owned 33,583 shares in the company, valued at $10,950,744.64. The trade was a 18.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Dennehy sold 252 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of $275.20, for a total value of $69,350.40. Following the transaction, the chief operating officer 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. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders sold 10,261 shares of company stock valued at $3,484,495. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On MACOM Technology Solutions

Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its holdings in MACOM Technology Solutions by 3.0% in the 4th quarter. Geode Capital Management LLC now owns 1,267,103 shares of the semiconductor company’s stock valued at $217,073,000 after buying an additional 37,222 shares in the last quarter. GW&K Investment Management LLC raised its holdings in shares of MACOM Technology Solutions by 6.1% during the 4th quarter. GW&K Investment Management LLC now owns 1,217,935 shares of the semiconductor company’s stock worth $208,609,000 after acquiring an additional 70,167 shares during the period. Janus Henderson Group PLC boosted its position in shares of MACOM Technology Solutions by 15.5% during the 1st quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock valued at $174,109,000 after acquiring an additional 105,032 shares during the last quarter. Jupiter Topco LLC acquired a new position in shares of MACOM Technology Solutions during the 2nd quarter valued at about $256,612,000. Finally, Bank of America Corp DE purchased a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $247,732,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

About MACOM Technology Solutions

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.