MACOM Technology Solutions (NASDAQ:MTSI) Stock Falls 8.3% – Here’s Why

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) dropped 8.3% during mid-day trading on Thursday. The stock traded as low as $249.99 and last traded at $250.2570. 178,894 shares changed hands during mid-day trading, a decline of 88% from the average daily volume of 1,442,281 shares. The stock had previously closed at $273.05.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Zacks Research raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. Susquehanna dropped 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. Weiss Ratings cut MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. BMO Capital Markets upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price target for the company in a research note on Friday, September 18th. Finally, Wall Street Zen raised MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $341.25.

MACOM Technology Solutions Stock Up 2.8%

The company has a quick ratio of 1.78, a current ratio of 2.34 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $18.04 billion, a PE ratio of 75.96, a PEG ratio of 0.76 and a beta of 1.77. The firm’s fifty day moving average is $279.46 and its 200-day moving average is $306.47.

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

Insiders Place Their Bets

In other news, CFO John Kober sold 7,389 shares of the stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $326.08, for a total value of $2,409,405.12. Following the completion of the transaction, the chief financial officer owned 33,583 shares in the company, valued at $10,950,744.64. This trade represents a 18.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Ambra R. 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 transaction, the senior vice president owned 9,184 shares in the company, valued at $2,755,200. The trade was a 6.64% 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 ninety days, insiders have sold 8,294 shares of company stock worth $2,674,656. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On MACOM Technology Solutions

Institutional investors have recently modified their holdings of the company. MBL Wealth LLC boosted its holdings in shares of MACOM Technology Solutions by 207.1% during the third quarter. MBL Wealth LLC now owns 2,690 shares of the semiconductor company’s stock worth $766,000 after purchasing an additional 1,814 shares during the last quarter. SBI Securities Co. Ltd. increased its stake in MACOM Technology Solutions by 14.5% in the third quarter. SBI Securities Co. Ltd. now owns 394 shares of the semiconductor company’s stock valued at $112,000 after purchasing an additional 50 shares during the last quarter. Kopp Family Office LLC acquired a new position in MACOM Technology Solutions in the third quarter valued at $709,000. Crossmark Global Holdings Inc. increased its stake in MACOM Technology Solutions by 16.6% in the third quarter. Crossmark Global Holdings Inc. now owns 5,103 shares of the semiconductor company’s stock valued at $1,453,000 after purchasing an additional 726 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in MACOM Technology Solutions by 8.1% during the third quarter. Quadrant Capital Group LLC now owns 9,505 shares of the semiconductor company’s stock worth $2,935,000 after buying an additional 715 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

About MACOM Technology Solutions

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.