Allworth Financial LP Has $37,000 Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Allworth Financial LP grew its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 131.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 347 shares of the semiconductor company’s stock after purchasing an additional 197 shares during the quarter. Allworth Financial LP’s holdings in MACOM Technology Solutions were worth $37,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in MTSI. Vanguard Group Inc. raised its holdings in shares of MACOM Technology Solutions by 6.0% in the fourth 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 during the last quarter. Price T Rowe Associates Inc. MD increased its position in MACOM Technology Solutions by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock valued at $519,399,000 after acquiring an additional 1,120,510 shares in the last quarter. Geode Capital Management LLC increased its position in MACOM Technology Solutions by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company’s stock valued at $132,882,000 after acquiring an additional 6,784 shares in the last quarter. Millennium Management LLC raised its stake in shares of MACOM Technology Solutions by 14.8% in the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company’s stock worth $110,513,000 after acquiring an additional 109,529 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of MACOM Technology Solutions during the fourth quarter worth approximately $82,833,000. Institutional investors own 76.14% of the company’s stock.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the company’s stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president owned 35,603 shares of the company’s stock, valued at approximately $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Stephen G. Daly sold 14,665 shares of MACOM Technology Solutions stock in a transaction on Monday, June 2nd. The stock was sold at an average price of $122.71, for a total transaction of $1,799,542.15. Following the transaction, the chief executive officer directly owned 36,327 shares in the company, valued at approximately $4,457,686.17. This represents a 28.76% decrease in their ownership of the stock. 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 currently owned by company insiders.

MACOM Technology Solutions Trading Up 0.2%

NASDAQ MTSI opened at $142.11 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The stock has a 50-day simple moving average of $131.46 and a 200 day simple moving average of $121.19. The company has a current ratio of 3.56, a quick ratio of 2.86 and a debt-to-equity ratio of 0.31. The company has a market capitalization of $10.56 billion, a PE ratio of -116.48, a P/E/G ratio of 2.73 and a beta of 1.43.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million during 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 period in the previous year, the company earned $0.59 EPS. Research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 12th. Stifel Nicolaus lifted their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Friday. Bank of America boosted 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. Truist Financial raised their price target on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a “buy” rating in a report on Monday, July 7th. Finally, BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Three 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. Based on data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $139.90.

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.