MACOM Technology Solutions (NASDAQ:MTSI) Hits New 52-Week High Following Strong Earnings

Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) hit a new 52-week high during mid-day trading on Thursday following a better than expected earnings announcement. The company traded as high as $156.35 and last traded at $160.5950, with a volume of 35197 shares trading hands. The stock had previously closed at $149.68.

The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.01. The firm had revenue of $261.17 million during the quarter, compared to the consensus estimate of $260.16 million. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The firm’s quarterly revenue was up 3.6% on a year-over-year basis. During the same period last year, the firm posted $0.73 EPS. MACOM Technology Solutions has set its Q1 2026 guidance at 0.980-1.020 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Benchmark boosted their target price on MACOM Technology Solutions from $160.00 to $190.00 and gave the stock a “buy” rating in a report on Friday. Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Zacks Research raised MACOM Technology Solutions from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 20th. Needham & Company LLC raised their target price on MACOM Technology Solutions from $150.00 to $175.00 and gave the company a “buy” rating in a research note on Thursday. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of MACOM Technology Solutions in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $169.44.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 4,128 shares of the stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $140.02, for a total value of $578,002.56. Following the transaction, the senior vice president owned 6,552 shares of the company’s stock, valued at $917,411.04. This represents a 38.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Susan Ocampo sold 8,358 shares of the firm’s stock in a transaction on Wednesday, October 29th. The stock was sold at an average price of $150.01, for a total value of $1,253,783.58. Following the completion of the transaction, the insider owned 2,577,334 shares in the company, valued at $386,625,873.34. This represents a 0.32% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,552,712 shares of company stock worth $210,885,098. Insiders own 16.30% of the company’s stock.

Institutional Trading of MACOM Technology Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hantz Financial Services Inc. boosted its stake in shares of MACOM Technology Solutions by 174.0% during the 2nd quarter. Hantz Financial Services Inc. now owns 211 shares of the semiconductor company’s stock worth $30,000 after buying an additional 134 shares during the last quarter. SVB Wealth LLC acquired a new stake in shares of MACOM Technology Solutions in the first quarter valued at about $34,000. Smartleaf Asset Management LLC raised its holdings in MACOM Technology Solutions by 108.7% during the third quarter. Smartleaf Asset Management LLC now owns 288 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 150 shares in the last quarter. Allworth Financial LP boosted its position in MACOM Technology Solutions by 131.3% during the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 197 shares during the last quarter. Finally, Parkside Financial Bank & Trust grew its stake in MACOM Technology Solutions by 282.4% in the third quarter. Parkside Financial Bank & Trust now owns 325 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 240 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Performance

The stock has a market capitalization of $12.66 billion, a P/E ratio of -168.35, a P/E/G ratio of 2.26 and a beta of 1.52. The stock has a 50 day simple moving average of $135.39 and a two-hundred day simple moving average of $130.45. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32.

About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications across the radio frequency (RF), microwave, millimeter wave, and lightwave spectrum in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and internationally.