Key Points
- CEO Stephen Daly sold 59,939 MACOM shares at an average $245.12 each, for about $14.69 million. The sale, made under a pre-arranged Rule 10b5-1 plan, reduced his stake by 60.44% to 39,239 shares.
- MACOM’s latest quarterly results beat analyst expectations: earnings were $2.09 per share versus $2.00 forecast, and revenue reached $424.82 million, up 62.6% year over year.
- Shares traded at $232.06 in Friday’s session. Analysts’ consensus rating was “Moderate Buy,” with an average price target of $316.25, though some firms recently cut their targets.
MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Get Free Report) CEO Stephen Daly sold 59,939 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, November 11th. The stock was sold at an average price of $245.12, for a total value of $14,692,247.68. Following the completion of the sale, the chief executive officer owned 39,239 shares in the company, valued at approximately $9,618,263.68. The trade was a 60.44% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
MACOM Technology Solutions Price Performance
NASDAQ:MTSI traded down $13.70 during trading hours on Friday, hitting $232.06. 1,439,783 shares of the stock were exchanged, compared to its average volume of 2,051,579. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $150.80 and a 52-week high of $418.90. The firm's fifty day moving average price is $268.44 and its 200 day moving average price is $283.19. The company has a current ratio of 2.53, a quick ratio of 1.99 and a debt-to-equity ratio of 0.04. The company has a market cap of $17.72 billion, a P/E ratio of 53.97, a P/E/G ratio of 0.86 and a beta of 1.82.
MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, November 5th. The semiconductor company reported $2.09 EPS for the quarter, beating analysts' consensus estimates of $2.00 by $0.09. The business had revenue of $424.82 million during the quarter, compared to analysts' expectations of $420.35 million. MACOM Technology Solutions had a return on equity of 22.46% and a net margin of 25.25%. The business's revenue was up 62.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. As a group, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 7.56 EPS for the current fiscal year.
Hedge Funds Weigh In On MACOM Technology Solutions
A number of institutional investors have recently added to or reduced their stakes in MTSI. Jupiter Topco LLC acquired a new position in MACOM Technology Solutions during the second quarter worth $256,612,000. Bank of America Corp DE acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth $247,732,000. Bank of New York Mellon Corp acquired a new stake in shares of MACOM Technology Solutions in the 2nd quarter worth $204,593,000. Janus Henderson Group PLC increased its stake in shares of 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 acquiring an additional 105,032 shares during the last quarter. Finally, Bessemer Group Inc. raised its holdings 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 worth $151,433,000 after acquiring an additional 2,617 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.
Analyst Ratings Changes
Several research analysts recently commented on the company. Susquehanna reduced their price objective on MACOM Technology Solutions from $300.00 to $220.00 and set a "neutral" rating for the company in a research note on Thursday, November 5th. Benchmark began coverage on MACOM Technology Solutions in a report on Thursday, August 13th. They issued a "buy" rating and a $375.00 price objective on the stock. Needham & Company LLC lowered their target price on shares of MACOM Technology Solutions from $410.00 to $300.00 and set a "buy" rating on the stock in a research note on Thursday, November 5th. Raymond James Financial raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and set a $300.00 target price on the stock in a research note on Tuesday, October 27th. 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 research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have assigned 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 a consensus target price of $316.25.
Check Out Our Latest Stock Report on MACOM Technology Solutions
MACOM Technology Solutions Company Profile
(
Get Free Report)
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.
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