MACOM Technology Solutions (NASDAQ:MTSI) Shares Down 7.4% – Should You Sell?

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)’s stock price dropped 7.4% during mid-day trading on Thursday. The stock traded as low as $266.11 and last traded at $269.8950. Approximately 439,496 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 1,439,483 shares. The stock had previously closed at $291.33.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of recent research reports. Weiss Ratings cut MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, August 21st. Needham & Company LLC increased their price target on MACOM Technology Solutions from $400.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. Zacks Research upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. Finally, Susquehanna dropped 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 note on Tuesday, July 21st. Two 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 data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $341.25.

MACOM Technology Solutions Price Performance

The company has a current ratio of 2.34, a quick ratio of 1.78 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $20.03 billion, a PE ratio of 84.32, a price-to-earnings-growth ratio of 0.90 and a beta of 1.77. The stock’s 50-day moving average is $284.73 and its two-hundred day moving average is $305.56.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. The business had revenue of $342.24 million during the quarter, compared to the consensus estimate of $336.08 million. MACOM Technology Solutions had a net margin of 20.70% and a return on equity of 17.82%. The firm’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. MACOM Technology Solutions has set its Q4 2026 guidance at 1.970-2.030 EPS. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Ambra R. Roth sold 653 shares of MACOM Technology Solutions stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $300.00, for a total transaction of $195,900.00. Following the completion of the sale, the senior vice president directly owned 9,184 shares in the company, valued at approximately $2,755,200. This trade represents a 6.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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 on Friday, August 28th. The shares were sold at an average price of $275.20, for a total transaction of $69,350.40. Following the sale, the chief operating officer directly owned 12,758 shares of the company’s stock, valued at $3,511,001.60. This represents a 1.94% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 8,294 shares of company stock valued at $2,674,656 in the last quarter. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in MTSI. Bell Investment Advisors Inc purchased a new stake in MACOM Technology Solutions in the 2nd quarter valued at about $49,000. Burkett Financial Services LLC bought a new position in MACOM Technology Solutions in the 3rd quarter worth about $38,000. GHP Investment Advisors Inc. purchased a new position in shares of MACOM Technology Solutions during the first quarter worth approximately $31,000. 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 worth $40,000 after acquiring an additional 41 shares during the period. Finally, Keating Financial Advisory Services Inc. bought a new stake in shares of MACOM Technology Solutions during the second quarter valued at approximately $58,000. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc (NASDAQ: MTSI) is a semiconductor company that designs and manufactures high-performance products for telecommunications, data center, industrial, aerospace and defense applications. Its technologies support the generation, transmission, reception and processing of high-frequency signals across radio frequency, microwave, millimeter-wave and optical systems.

The company’s product portfolio includes amplifiers, switches, diodes, mixers, modulators, filters, integrated circuits and other components used in wireless infrastructure, optical networks, satellite communications, radar, electronic warfare and test and measurement equipment.