G2 Investment Partners Management LLC purchased a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 23,643 shares of the semiconductor company’s stock, valued at approximately $2,198,000.
Other hedge funds have also bought and sold shares of the company. Harvest Fund Management Co. Ltd acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $69,000. RiverPark Advisors LLC grew its stake in MACOM Technology Solutions by 29.1% during the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock worth $86,000 after buying an additional 208 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $156,000. EP Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the third quarter worth about $208,000. Finally, Pathstone Family Office LLC acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at approximately $209,000. 76.14% of the stock is owned by institutional investors.
Insider Activity at MACOM Technology Solutions
In related news, Director Susan Ocampo sold 75,000 shares of MACOM Technology Solutions stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $103.02, for a total value of $7,726,500.00. Following the completion of the sale, the director now owns 7,912,681 shares of the company’s stock, valued at approximately $815,164,396.62. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP Robert Dennehy sold 2,370 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $88.88, for a total value of $210,645.60. Following the transaction, the senior vice president now directly owns 32,827 shares of the company’s stock, valued at approximately $2,917,663.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 75,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $103.02, for a total transaction of $7,726,500.00. Following the completion of the transaction, the director now directly owns 7,912,681 shares in the company, valued at $815,164,396.62. The disclosure for this sale can be found here. In the last 90 days, insiders sold 535,797 shares of company stock valued at $55,071,263. 22.75% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on the stock. Evercore ISI assumed coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price target on the stock. Stifel Nicolaus raised their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday, April 18th. Jefferies Financial Group reiterated a “buy” rating and issued a $135.00 price objective (up previously from $100.00) on shares of MACOM Technology Solutions in a report on Monday, May 13th. Barclays raised their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $111.00.
Read Our Latest Stock Analysis on MTSI
MACOM Technology Solutions Trading Down 0.4 %
Shares of NASDAQ:MTSI traded down $0.47 during mid-day trading on Thursday, hitting $104.79. The company had a trading volume of 361,083 shares, compared to its average volume of 525,495. The firm has a fifty day moving average price of $101.03 and a 200 day moving average price of $93.26. The company has a market capitalization of $7.56 billion, a PE ratio of 118.23, a price-to-earnings-growth ratio of 5.22 and a beta of 1.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. MACOM Technology Solutions Holdings, Inc. has a one year low of $58.78 and a one year high of $107.00.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last released its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.05). The company had revenue of $181.23 million during the quarter, compared to the consensus estimate of $180.97 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.93 EPS for the current year.
About MACOM Technology Solutions
(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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