MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 6.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 6,517,251 shares of the semiconductor company’s stock after acquiring an additional 368,979 shares during the period. Vanguard Group Inc. owned approximately 0.09% of MACOM Technology Solutions worth $846,656,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTSI. UMB Bank n.a. raised its stake in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares during the period. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions during the 4th quarter worth $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions in the 4th quarter worth $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTSI. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Insiders Place Their Bets

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the sale, the director now directly owns 14,031 shares in the company, valued at approximately $1,706,309.91. This represents a 32.17 % 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 business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the transaction, the director now owns 4,689,225 shares of the company’s stock, valued at $581,839,038. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock valued at $92,503,343 over the last quarter. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $98.47 on Friday. The business has a 50 day simple moving average of $119.31 and a 200-day simple moving average of $122.56. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $90.01 and a twelve month high of $152.50. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of -68.38, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

MACOM Technology Solutions Profile

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.