MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by KBC Group NV

KBC Group NV boosted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,844 shares of the semiconductor company’s stock after purchasing an additional 611 shares during the period. KBC Group NV’s holdings in MACOM Technology Solutions were worth $2,695,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MTSI. Price T Rowe Associates Inc. MD lifted its position in MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock worth $519,399,000 after purchasing an additional 1,120,510 shares during the period. Norges Bank acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $82,833,000. Vanguard Group Inc. lifted its position in shares of MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after acquiring an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $31,260,000. Finally, Nuveen Asset Management LLC lifted its position in shares of MACOM Technology Solutions by 129.4% during the 4th quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company’s stock valued at $42,621,000 after acquiring an additional 185,075 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO John Kober sold 2,250 shares of the company’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total value of $282,712.50. Following the transaction, the chief financial officer directly owned 47,128 shares of the company’s stock, valued at approximately $5,921,633.20. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 300,000 shares of the company’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the completion of the transaction, the director directly owned 4,377,764 shares in the company, valued at $541,004,075.12. This trade represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 454,227 shares of company stock valued at $56,118,317 in the last three months. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI opened at $141.20 on Friday. The stock has a fifty day moving average of $125.18 and a 200-day moving average of $120.86. The firm has a market capitalization of $10.50 billion, a P/E ratio of -115.73, a PEG ratio of 2.70 and a beta of 1.43. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The business had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same period in the prior year, the business posted $0.59 earnings per share. MACOM Technology Solutions’s revenue for the quarter was up 30.2% compared to the same quarter last year. Equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on MTSI. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a “buy” rating and a $125.00 price objective for the company. Benchmark reiterated a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Barclays increased their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Bank of America increased their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a “buy” rating in a research report on Tuesday, June 24th. Finally, Stifel Nicolaus reduced their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $133.50.

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.