Pictet Asset Management Holding SA Has $1.08 Million Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Pictet Asset Management Holding SA increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 9.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,344 shares of the semiconductor company’s stock after purchasing an additional 706 shares during the period. Pictet Asset Management Holding SA’s holdings in MACOM Technology Solutions were worth $1,084,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank acquired a new stake in MACOM Technology Solutions during the fourth quarter valued at approximately $82,833,000. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after buying an additional 368,979 shares in the last quarter. Bridge City Capital LLC grew its position in MACOM Technology Solutions by 7.7% in the fourth quarter. Bridge City Capital LLC now owns 60,106 shares of the semiconductor company’s stock valued at $7,808,000 after acquiring an additional 4,314 shares during the period. LPL Financial LLC raised its stake in MACOM Technology Solutions by 57.2% during the fourth quarter. LPL Financial LLC now owns 6,636 shares of the semiconductor company’s stock worth $862,000 after acquiring an additional 2,415 shares in the last quarter. Finally, Fox Run Management L.L.C. bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $1,279,000. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Down 2.7 %

NASDAQ:MTSI opened at $89.66 on Monday. The stock’s fifty day moving average price is $114.42 and its two-hundred day moving average price is $122.58. The company has a market cap of $6.67 billion, a price-to-earnings ratio of -62.26, a P/E/G ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.10 and a 52-week high of $152.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the sale, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at $5,806,381. This represents a 14.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the transaction, the director now directly owns 5,509,746 shares in the company, valued at $690,646,661.10. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 743,948 shares of company stock worth $92,210,640. Insiders own 16.30% of the company’s stock.

Analyst Ratings Changes

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

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.