Insider Selling: MACOM Technology Solutions (NASDAQ:MTSI) CFO Sells $4,352,558.76 in Stock

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) CFO John Kober sold 21,036 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, November 6th. The shares were sold at an average price of $206.91, for a total value of $4,352,558.76. Following the sale, the chief financial officer owned 36,553 shares in the company, valued at $7,563,181.23. This represents a 36.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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, November 9th, John Kober sold 973 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $212.43, for a total value of $206,694.39.
• On Monday, October 26th, John Kober sold 1,027 shares of MACOM Technology Solutions stock. The stock was sold at an average price of $236.60, for a total value of $242,988.20.
• On Monday, August 17th, John Kober sold 7,389 shares of MACOM Technology Solutions stock. The shares were sold at an average price of $326.08, for a total value of $2,409,405.12.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $249.86 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $150.80 and a 12 month high of $418.90. The firm has a market capitalization of $19.08 billion, a P/E ratio of 58.11, a P/E/G ratio of 0.78 and a beta of 1.82. 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 business has a fifty day simple moving average of $269.23 and a two-hundred day simple moving average of $282.99.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, November 5th. The semiconductor company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.09. The firm had revenue of $424.82 million for the quarter, compared to the consensus estimate of $420.35 million. MACOM Technology Solutions had a net margin of 25.25% and a return on equity of 22.46%. The company’s revenue was up 62.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. MACOM Technology Solutions has set its Q1 2027 guidance at 2.210-2.290 EPS. On average, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 7.63 earnings per share for the current fiscal year.

Institutional Trading of MACOM Technology Solutions

Institutional investors have recently bought and sold shares of the company. Burkett Financial Services LLC purchased a new position in MACOM Technology Solutions in the third quarter worth about $38,000. Mather Group LLC. increased its position in shares of MACOM Technology Solutions by 41.0% during the third quarter. Mather Group LLC. now owns 141 shares of the semiconductor company’s stock valued at $40,000 after acquiring an additional 41 shares in the last quarter. Bell Investment Advisors Inc bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $49,000. Jacobi Capital Management LLC bought a new stake in shares of MACOM Technology Solutions during the third quarter valued at approximately $51,000. Finally, Keating Financial Advisory Services Inc. purchased a new position in MACOM Technology Solutions in the 2nd quarter worth approximately $58,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Needham & Company LLC decreased 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. JPMorgan Chase & Co. dropped their price target on MACOM Technology Solutions from $345.00 to $280.00 and set a “neutral” rating on the stock in a research report on Friday, November 6th. Truist Financial cut their price target on MACOM Technology Solutions from $375.00 to $310.00 and set a “buy” rating on the stock in a research note on Friday, November 6th. Weiss Ratings lowered MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, August 21st. Finally, Susquehanna lowered 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. 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 MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.