MACOM Technology Solutions (NASDAQ:MTSI) Trading Down 9.4% – Time to Sell?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) fell 9.4% during trading on Monday . The company traded as low as $244.94 and last traded at $248.9290. Approximately 147,242 shares traded hands during trading, a decline of 90% from the average daily volume of 1,438,251 shares. The stock had previously closed at $274.90.

Analyst Upgrades and Downgrades

MTSI has been the subject of several recent research reports. HC Wainwright reaffirmed a “buy” rating on shares of MACOM Technology Solutions in a report on Wednesday, June 3rd. Barclays raised their price target on shares of MACOM Technology Solutions from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Wall Street Zen raised shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Saturday, August 8th. Susquehanna decreased their price objective on shares of MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating for the company in a research report on Tuesday, July 21st. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus target price of $341.25.

MACOM Technology Solutions Stock Down 11.5%

The business’s 50 day moving average is $280.19 and its 200-day moving average is $295.66. The stock has a market cap of $18.59 billion, a price-to-earnings ratio of 78.13, a PEG ratio of 1.52 and a beta of 1.71. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.78 and a current ratio of 2.34.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data 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. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. The company had revenue of $342.24 million during the quarter, compared to analysts’ expectations of $336.08 million. During the same period in the prior year, the business posted $0.90 earnings per share. The firm’s revenue for the quarter 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, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In related news, CFO John Kober sold 7,389 shares of MACOM Technology Solutions stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $326.08, for a total value of $2,409,405.12. Following the sale, the chief financial officer directly owned 33,583 shares in the company, valued at approximately $10,950,744.64. The trade was a 18.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Robert Dennehy sold 252 shares of the business’s 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 sale, the chief operating officer owned 12,758 shares of the company’s stock, valued at approximately $3,511,001.60. This trade represents a 1.94% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 10,261 shares of company stock valued at $3,484,495. 0.36% of the stock is owned by corporate insiders.

Institutional Trading of MACOM Technology Solutions

Large investors have recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its holdings in MACOM Technology Solutions by 49.7% in the 1st quarter. Advisors Asset Management Inc. now owns 485 shares of the semiconductor company’s stock valued at $49,000 after purchasing an additional 161 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of MACOM Technology Solutions by 9.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 157,182 shares of the semiconductor company’s stock worth $15,778,000 after buying an additional 13,215 shares in the last quarter. Focus Partners Wealth raised its position in shares of MACOM Technology Solutions by 121.3% in the first quarter. Focus Partners Wealth now owns 6,739 shares of the semiconductor company’s stock valued at $676,000 after buying an additional 3,694 shares during the last quarter. Cetera Investment Advisers acquired a new stake in shares of MACOM Technology Solutions in the second quarter valued at about $372,000. Finally, Marshall Wace LLP purchased a new position in shares of MACOM Technology Solutions in the second quarter worth about $544,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc (NASDAQ:MTSI) develops and manufactures high-performance semiconductor products for communications, aerospace and defense, industrial, and test and measurement applications. The company’s technologies are designed to support the transmission, processing, and control of high-frequency signals across a range of electronic systems.

Its product portfolio includes radio-frequency, microwave, and millimeter-wave components; analog and mixed-signal devices; compound semiconductor products; and optical components used in communications infrastructure and data-center networks.