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

GAMMA Investing LLC raised its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 24.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,455 shares of the semiconductor company’s stock after purchasing an additional 285 shares during the period. GAMMA Investing LLC’s holdings in MACOM Technology Solutions were worth $146,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of MTSI. Russell Investments Group Ltd. raised its position in shares of MACOM Technology Solutions by 1.4% during the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock worth $930,000 after acquiring an additional 100 shares in the last quarter. Quadrant Capital Group LLC raised its position in shares of MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 101 shares in the last quarter. Arizona State Retirement System raised its position in shares of MACOM Technology Solutions by 0.7% during the 4th quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company’s stock worth $2,174,000 after acquiring an additional 122 shares in the last quarter. Corient Private Wealth LLC raised its position in shares of MACOM Technology Solutions by 4.7% during the 4th quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company’s stock worth $394,000 after acquiring an additional 136 shares in the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Bank of America raised their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Barclays lifted their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Truist Financial assumed coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a “buy” rating and a $125.00 price target on the stock. BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research report on Wednesday, April 9th. Finally, Benchmark reaffirmed a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $133.50.

MACOM Technology Solutions Trading Up 1.0%

MTSI opened at $141.20 on Friday. The firm has a market cap of $10.50 billion, a price-to-earnings ratio of -115.73, a price-to-earnings-growth ratio of 2.71 and a beta of 1.43. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $125.88 and its two-hundred day moving average is $120.88. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50.

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

Insiders Place Their Bets

In other news, CFO John Kober sold 2,250 shares of the business’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $125.65, for a total value of $282,712.50. Following the transaction, the chief financial officer owned 47,128 shares of the company’s stock, valued at approximately $5,921,633.20. The trade was a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total value of $702,100.00. Following the completion of the transaction, the senior vice president directly owned 15,680 shares in the company, valued at approximately $2,201,785.60. The trade was a 24.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 454,227 shares of company stock valued at $56,118,317. 16.30% of the stock is owned by company insiders.

MACOM Technology Solutions Company 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.