Bank of New York Mellon Corp Sells 8,889 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Bank of New York Mellon Corp reduced its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 384,883 shares of the semiconductor company’s stock after selling 8,889 shares during the quarter. Bank of New York Mellon Corp’s holdings in MACOM Technology Solutions were worth $65,923,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of MACOM Technology Solutions by 22.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 98,880 shares of the semiconductor company’s stock worth $16,936,000 after purchasing an additional 18,096 shares during the last quarter. Bryce Point Capital LLC bought a new stake in shares of MACOM Technology Solutions during the third quarter worth about $572,000. SG Americas Securities LLC grew its holdings in shares of MACOM Technology Solutions by 33.9% during the fourth quarter. SG Americas Securities LLC now owns 54,033 shares of the semiconductor company’s stock worth $9,255,000 after purchasing an additional 13,668 shares during the last quarter. FengHe Fund Management Pte. Ltd. bought a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $90,663,000. Finally, Boothbay Fund Management LLC grew its holdings in shares of MACOM Technology Solutions by 42.7% during the third quarter. Boothbay Fund Management LLC now owns 22,389 shares of the semiconductor company’s stock worth $2,787,000 after purchasing an additional 6,704 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

Insider Activity at MACOM Technology Solutions

In other news, Director Geoffrey G. Ribar sold 1,623 shares of the company’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $361.84, for a total transaction of $587,266.32. Following the transaction, the director directly owned 12,563 shares of the company’s stock, valued at $4,545,795.92. This represents a 11.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Stephen G. Daly sold 15,828 shares of the company’s stock in a transaction that occurred on Friday, May 29th. The stock was sold at an average price of $365.75, for a total value of $5,789,091.00. Following the transaction, the chief executive officer directly owned 38,389 shares in the company, valued at $14,040,776.75. The trade was a 29.19% 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 sold 75,476 shares of company stock valued at $27,755,202 over the last three months. 0.36% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently commented on MTSI shares. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $255.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, April 16th. Susquehanna upped their target price on MACOM Technology Solutions from $300.00 to $350.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Zacks Research upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Bank of America boosted their price target on MACOM Technology Solutions from $260.00 to $305.00 and gave the company a “buy” rating in a research note on Monday, April 13th. Finally, Truist Financial boosted their price target on MACOM Technology Solutions from $261.00 to $375.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $321.36.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $358.72 on Wednesday. The company has a quick ratio of 5.84, a current ratio of 7.52 and a debt-to-equity ratio of 0.29. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $118.16 and a twelve month high of $418.90. The stock’s 50 day moving average is $315.43 and its 200-day moving average is $245.39. The firm has a market capitalization of $27.37 billion, a price-to-earnings ratio of 155.29, a PEG ratio of 2.97 and a beta of 1.66.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, May 7th. The semiconductor company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. MACOM Technology Solutions had a return on equity of 16.01% and a net margin of 16.46%.The company had revenue of $288.96 million for the quarter, compared to analyst estimates of $285.20 million. During the same period in the prior year, the firm earned $0.85 earnings per share. MACOM Technology Solutions’s revenue for the quarter was up 22.5% on a year-over-year basis. MACOM Technology Solutions has set its Q3 2026 guidance at 1.310-1.370 EPS. Sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 3.68 EPS for the current fiscal year.

About MACOM Technology Solutions

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.