Avior Wealth Management LLC Purchases Shares of 3,308 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Avior Wealth Management LLC purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,308 shares of the semiconductor company’s stock, valued at approximately $307,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in MACOM Technology Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after acquiring an additional 101,938 shares during the period. Price T Rowe Associates Inc. MD grew its position in MACOM Technology Solutions by 90.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company’s stock valued at $235,511,000 after acquiring an additional 1,777,798 shares during the period. State Street Corp grew its position in MACOM Technology Solutions by 6.8% in the second quarter. State Street Corp now owns 2,420,793 shares of the semiconductor company’s stock valued at $158,635,000 after acquiring an additional 153,759 shares during the period. Goldman Sachs Group Inc. grew its position in MACOM Technology Solutions by 5.3% in the first quarter. Goldman Sachs Group Inc. now owns 1,684,015 shares of the semiconductor company’s stock valued at $100,822,000 after acquiring an additional 84,293 shares during the period. Finally, Artisan Partners Limited Partnership grew its holdings in shares of MACOM Technology Solutions by 29.0% during the third quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock worth $92,053,000 after purchasing an additional 253,396 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares of the company’s stock, valued at $4,457,498. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 9,397 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares of the company’s stock, valued at $4,457,498. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John Kober sold 12,892 shares of the stock in a transaction dated Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares in the company, valued at approximately $4,850,726.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 811,058 shares of company stock valued at $68,674,574. 22.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Stifel Nicolaus increased their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Piper Sandler restated a “neutral” rating and set a $85.00 target price on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Needham & Company LLC increased their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Evercore ISI assumed coverage on MACOM Technology Solutions in a report on Tuesday. They set an “outperform” rating and a $120.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average target price of $99.67.

MACOM Technology Solutions Trading Down 2.5 %

Shares of MTSI opened at $92.81 on Friday. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $48.53 and a 12-month high of $104.90. The firm has a market capitalization of $6.69 billion, a PE ratio of 89.24, a price-to-earnings-growth ratio of 6.03 and a beta of 1.64. The stock’s fifty day simple moving average is $93.17 and its 200-day simple moving average is $86.89.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The business had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. As a group, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current year.

About MACOM Technology Solutions

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.