Representative Robert Bresnahan, Jr. (R-Pennsylvania) recently bought shares of MACOM Technology Solutions Holdings, Inc. NASDAQ: MTSI. In a filing disclosed on March 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in MACOM Technology Solutions stock on February 10th. The trade occurred in the Representative's "JP MORGAN BROKERAGE ACCOUNT #2" account.
Representative Robert Bresnahan, Jr. also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of Alibaba Group NYSE: BABA on 2/21/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/20/2025.
- Sold $1,001 - $15,000 in shares of Robinhood Markets NASDAQ: HOOD on 2/20/2025.
- Sold $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 2/20/2025.
- Sold $1,001 - $15,000 in shares of Astera Labs NASDAQ: ALAB on 2/18/2025.
- Purchased $1,001 - $15,000 in shares of Intel NASDAQ: INTC on 2/14/2025.
- Purchased $1,001 - $15,000 in shares of Reddit NYSE: RDDT on 2/14/2025.
- Sold $1,001 - $15,000 in shares of Oracle NYSE: ORCL on 2/14/2025.
- Purchased $1,001 - $15,000 in shares of Snowflake NYSE: SNOW on 2/13/2025.
- Sold $1,001 - $15,000 in shares of Arista Networks NYSE: ANET on 2/13/2025.
MACOM Technology Solutions Price Performance
Shares of NASDAQ MTSI traded up $4.86 during midday trading on Friday, hitting $109.07. 819,826 shares of the company's stock were exchanged, compared to its average volume of 615,642. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The business's fifty day moving average price is $125.87 and its two-hundred day moving average price is $122.02. The company has a market cap of $8.11 billion, a price-to-earnings ratio of -75.74, a PEG ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $88.18 and a 12-month high of $152.50.
MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after buying an additional 368,979 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after acquiring an additional 1,120,510 shares during the last quarter. Westfield Capital Management Co. LP boosted its holdings in shares of MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock worth $134,686,000 after purchasing an additional 210,151 shares during the period. Geode Capital Management LLC grew its stake in shares of MACOM Technology Solutions by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after purchasing an additional 6,784 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in MACOM Technology Solutions by 14.8% during the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after purchasing an additional 109,529 shares during the period. Institutional investors own 76.14% of the company's stock.
Insider Buying and Selling at MACOM Technology Solutions
In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares of the company's stock, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the company's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the transaction, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock valued at $92,503,343 in the last 90 days. Insiders own 16.30% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts have weighed in on MTSI shares. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark reiterated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $131.50.
Read Our Latest Stock Report on MTSI
About Representative Bresnahan
Rob Bresnahan Jr. (Republican Party) is a member of the U.S. House, representing Pennsylvania's 8th Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.
Bresnahan (Republican Party) is running for re-election to the U.S. House to represent Pennsylvania's 8th Congressional District. He declared candidacy for the 2026 election.
Rob Bresnahan Jr. was born in Kingston, Pennsylvania. He earned a B.S. in business administration, management and operations from the University of Scranton in 2012. His career experience includes working as the chief financial officer and CEO of a family business, an electrical contracting company.
MACOM Technology Solutions Company Profile
(
Get Free Report)
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.
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