MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Bought by Tidal Investments LLC

MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Bought by Tidal Investments LLC


Tidal Investments LLC boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 175.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,032 shares of the semiconductor company’s stock after buying an additional 7,022 shares during the quarter. Tidal Investments LLC’s holdings in MACOM Technology Solutions were worth $1,055,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Duality Advisers LP raised its position in shares of MACOM Technology Solutions by 5.9% during the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 152 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of MACOM Technology Solutions by 2.5% in the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock valued at $765,000 after purchasing an additional 200 shares in the last quarter. Yousif Capital Management LLC boosted its position in shares of MACOM Technology Solutions by 0.9% in the fourth quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after buying an additional 215 shares during the period. Bridge City Capital LLC grew its holdings in shares of MACOM Technology Solutions by 0.8% during the first quarter. Bridge City Capital LLC now owns 39,416 shares of the semiconductor company’s stock valued at $3,770,000 after buying an additional 309 shares in the last quarter. Finally, Fulton Bank N.A. boosted its position in MACOM Technology Solutions by 6.6% during the 4th quarter. Fulton Bank N.A. now owns 5,186 shares of the semiconductor company’s stock worth $482,000 after acquiring an additional 323 shares during the period. Institutional investors own 76.14% of the company’s stock.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $106.25, for a total transaction of $531,250.00. Following the transaction, the senior vice president now directly owns 41,523 shares in the company, valued at $4,411,818.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Charles R. Bland sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $102.39, for a total value of $255,975.00. Following the sale, the director now owns 26,439 shares of the company’s stock, valued at $2,707,089.21. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $106.25, for a total transaction of $531,250.00. Following the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 538,427 shares of company stock worth $55,391,868. Company insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $97.13 on Monday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $67.17 and a 12 month high of $118.76. The company has a quick ratio of 5.70, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The company has a market cap of $7.00 billion, a P/E ratio of 110.38, a P/E/G ratio of 5.09 and a beta of 1.69. The business’s 50 day moving average is $106.06 and its two-hundred day moving average is $98.34.

MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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 10.59% and a return on equity of 12.59%. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.92 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Jefferies Financial Group restated a “buy” rating and set a $135.00 price target (up from $100.00) on shares of MACOM Technology Solutions in a report on Monday, May 13th. Craig Hallum upped their target price on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Evercore ISI started coverage on MACOM Technology Solutions in a report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price target for the company. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday. Finally, Benchmark lifted their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $117.00.

Get Our Latest Stock Report on MACOM Technology Solutions

MACOM Technology Solutions Company Profile

(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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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)



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