Key Points
- CFO John Kober sold 1,027 MACOM shares at an average price of $236.60, generating $242,988.20. The Rule 10b5-1 transaction covered tax withholding obligations, leaving him with 34,405 shares.
- MACOM’s latest quarterly results exceeded expectations, with EPS of $1.40 versus a $1.35 estimate and revenue of $342.24 million, up 35.8% year over year.
- Analyst sentiment remains generally positive: the stock has a “Moderate Buy” consensus rating and an average price target of $338.08, compared with an opening price of $255.68.
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) CFO John Kober sold 1,027 shares of the company's stock in a transaction dated Monday, October 26th. The stock was sold at an average price of $236.60, for a total transaction of $242,988.20. Following the completion of the transaction, the chief financial officer owned 34,405 shares of the company's stock, valued at approximately $8,140,223. This trade represents a 2.90% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
John Kober also recently made the following trade(s):
- On Monday, August 17th, John Kober sold 7,389 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $326.08, for a total transaction of $2,409,405.12.
MACOM Technology Solutions Stock Performance
NASDAQ:MTSI opened at $255.68 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $144.06 and a 52 week high of $418.90. The stock's 50-day moving average price is $277.51 and its 200-day moving average price is $281.76.
MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share for the quarter, beating the consensus estimate 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's revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.90 EPS. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. As a group, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently commented on the company. Raymond James Financial upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and set a $300.00 price objective for the company in a research report on Tuesday. Weiss Ratings lowered MACOM Technology Solutions from a "hold (c+)" rating to a "hold (c)" rating in a research report on Friday, August 21st. 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 research report on Tuesday, July 21st. Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Zacks Research raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, August 24th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average price target of $338.08.
Check Out Our Latest Research Report on MTSI
Hedge Funds Weigh In On MACOM Technology Solutions
A number of institutional investors and hedge funds have recently bought and sold shares of MTSI. Jupiter Topco LLC purchased a new stake in MACOM Technology Solutions during the 2nd quarter valued at about $256,612,000. Bank of America Corp DE acquired a new stake in MACOM Technology Solutions in the 2nd quarter valued at about $247,732,000. Bank of New York Mellon Corp acquired a new stake in MACOM Technology Solutions in the 2nd quarter valued at about $204,593,000. Janus Henderson Group PLC lifted its stake 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 worth $174,109,000 after purchasing an additional 105,032 shares in the last quarter. Finally, Deutsche Bank AG purchased a new position in MACOM Technology Solutions in the 2nd quarter worth approximately $137,970,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.
About MACOM Technology Solutions
(
Get Free Report)
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.
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