BlackRock Amends MACOM Stake, Maintains Significant Position
Ticker: MTSI · Form: SC 13G/A · Filed: Jan 25, 2024 · CIK: 1493594
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, semiconductors
TL;DR
**BlackRock still big in MACOM, good sign for stock.**
AI Summary
BlackRock Inc. has updated its ownership stake in MACOM Technology Solutions Holdings, Inc. as of December 31, 2023. This amendment (Amendment No. 3) to their Schedule 13G filing indicates that BlackRock continues to be a significant institutional holder of MACOM's Common Stock. For investors, this filing confirms BlackRock's ongoing confidence in MACOM, as they maintain a substantial position, which can be a positive signal of institutional backing.
Why It Matters
This filing shows that a major institutional investor, BlackRock, continues to hold a substantial stake in MACOM, signaling their ongoing belief in the company's prospects.
Risk Assessment
Risk Level: low — This filing is a routine update from a large institutional investor and does not indicate any immediate negative or highly volatile changes.
Analyst Insight
An investor should note BlackRock's continued substantial holding in MACOM as a sign of institutional confidence, but also research MACOM's fundamentals and recent performance before making any investment decisions.
Key Numbers
- 55405Y100 — CUSIP Number (identifies MACOM Technology Solutions Holdings Inc. Common Stock)
- 0001364742 — BlackRock Inc. CIK (Central Index Key for the filing entity)
- 0001493594 — MACOM Technology Solutions Holdings, Inc. CIK (Central Index Key for the subject company)
- 005-87236 — SEC File Number (identifies MACOM's registration with the SEC)
Key Players & Entities
- BlackRock Inc. (company) — the institutional investor filing the SC 13G/A
- MACOM Technology Solutions Holdings, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring this filing
- Amendment No. 3 (number) — the specific amendment number for this filing
Forward-Looking Statements
- BlackRock will maintain a significant ownership stake in MACOM Technology Solutions Holdings, Inc. throughout 2024. (BlackRock Inc.) — medium confidence, target: December 31, 2024
- MACOM Technology Solutions Holdings, Inc. will continue to attract institutional investment due to its semiconductor industry position. (MACOM Technology Solutions Holdings, Inc.) — medium confidence, target: December 31, 2024
FAQ
What type of SEC filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No: 3)' sections.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' (or 'FILED BY' company) in this filing is BlackRock Inc., as indicated by 'COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the 'Subject Company' whose shares are being reported?
The 'Subject Company' is MACOM Technology Solutions Holdings, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: MACOM Technology Solutions Holdings, Inc.'.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as explicitly mentioned in the filing.
What rule under the Securities Exchange Act of 1934 is this Schedule 13G filed pursuant to?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the '[X] Rule 13d-1(b)' checkbox on the cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 25, 2024 regarding MACOM Technology Solutions Holdings, Inc. (MTSI).