MACOM Technology Solutions (NASDAQ:MTSI) Stock: Insider Stephen Daly Sells 59,939 Shares

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CEO Stephen Daly sold 59,939 shares of MACOM Technology Solutions stock in a transaction on Wednesday, November 11th. The shares were sold at an average price of $245.12, for a total transaction of $14,692,247.68. Following the completion of the transaction, the chief executive officer directly owned 39,239 shares of the company’s stock, valued at $9,618,263.68. The trade was a 60.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock traded down $13.75 during trading hours on Friday, reaching $232.01. The stock had a trading volume of 1,439,296 shares, compared to its average volume of 1,505,289. The stock’s 50 day moving average is $269.00 and its 200 day moving average is $283.13. The company has a current ratio of 2.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.04. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $150.80 and a twelve month high of $418.90. The firm has a market capitalization of $17.72 billion, a PE ratio of 53.96, a PEG ratio of 0.87 and a beta of 1.82.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, November 5th. The semiconductor company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.09. The firm had revenue of $424.82 million during the quarter, compared to analyst estimates of $420.35 million. MACOM Technology Solutions had a return on equity of 22.46% and a net margin of 25.25%. MACOM Technology Solutions’s revenue for the quarter was up 62.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 7.56 earnings per share for the current fiscal year.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC boosted its holdings in MACOM Technology Solutions by 15.5% in the 1st quarter. Janus Henderson Group PLC now owns 784,118 shares of the semiconductor company’s stock valued at $174,109,000 after purchasing an additional 105,032 shares during the last quarter. Jupiter Topco LLC acquired a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $256,612,000. Bank of America Corp DE purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at approximately $247,732,000. Bank of New York Mellon Corp purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at approximately $204,593,000. Finally, Bessemer Group Inc. raised its position in shares of MACOM Technology Solutions by 0.5% during the 3rd quarter. Bessemer Group Inc. now owns 531,679 shares of the semiconductor company’s stock valued at $151,433,000 after buying an additional 2,617 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target for the company in a report on Friday, September 18th. Susquehanna decreased their price objective on shares of MACOM Technology Solutions from $300.00 to $220.00 and set a “neutral” rating on the stock in a report on Thursday, November 5th. Truist Financial dropped their target price on shares of MACOM Technology Solutions from $375.00 to $310.00 and set a “buy” rating on the stock in a research report on Friday, November 6th. Needham & Company LLC cut their target price on shares of MACOM Technology Solutions from $410.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday, November 5th. Finally, Benchmark initiated coverage on shares of MACOM Technology Solutions in a research note on Thursday, August 13th. They set a “buy” rating and a $375.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $316.25.

About MACOM Technology Solutions

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.