VIRGINIA RETIREMENT SYSTEMS ET Al Acquires 4,200 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 28.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 18,900 shares of the semiconductor company’s stock after acquiring an additional 4,200 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in MACOM Technology Solutions were worth $5,383,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new position in MACOM Technology Solutions in the 2nd quarter valued at approximately $256,612,000. Bank of America Corp DE bought a new position in shares of MACOM Technology Solutions during the second quarter valued at $247,732,000. Bank of New York Mellon Corp bought a new position in shares of MACOM Technology Solutions during the second quarter valued at $204,593,000. Janus Henderson Group PLC lifted its holdings in shares of MACOM Technology Solutions by 15.5% during the first quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock worth $174,109,000 after purchasing an additional 105,032 shares during the period. Finally, Deutsche Bank AG acquired a new position in shares of MACOM Technology Solutions during the second quarter worth $137,970,000. 76.14% of the stock is owned by institutional investors.

Insider Activity

In related news, SVP Ambra Roth sold 653 shares of the company’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $300.00, for a total transaction of $195,900.00. Following the sale, the senior vice president owned 9,184 shares in the company, valued at $2,755,200. This represents a 6.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Dennehy sold 252 shares of MACOM Technology Solutions 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 completion of the sale, the chief operating officer owned 12,758 shares of the company’s stock, valued at approximately $3,511,001.60. The trade was a 1.94% 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 have sold 9,321 shares of company stock valued at $2,917,644 in the last ninety days. 0.36% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Zacks Research raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 24th. Wall Street Zen raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. BMO Capital Markets upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target on the stock in a research report on Friday, September 18th. Raymond James Financial raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $300.00 price target for the company in a research note on Tuesday, October 27th. Finally, Benchmark initiated coverage on MACOM Technology Solutions in a research report on Thursday, August 13th. They set a “buy” rating and a $375.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $338.08.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI 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 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 fifty day moving average is $275.89 and its 200-day moving average is $282.80. The firm has a market cap 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.

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

MACOM Technology Solutions Profile

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.