M&T Bank Corp Has $278,000 Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

M&T Bank Corp boosted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 8.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,143 shares of the semiconductor company’s stock after buying an additional 158 shares during the period. M&T Bank Corp’s holdings in MACOM Technology Solutions were worth $278,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Charles Schwab Investment Management Inc. lifted its holdings in MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after buying an additional 1,719 shares during the period. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions in the fourth quarter worth $35,000. Smartleaf Asset Management LLC raised its holdings in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 138 shares during the period. US Bancorp DE raised its holdings in MACOM Technology Solutions by 253.1% in the fourth quarter. US Bancorp DE now owns 4,806 shares of the semiconductor company’s stock worth $624,000 after purchasing an additional 3,445 shares during the period. Finally, Proficio Capital Partners LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter worth $2,194,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now owns 43,657 shares of the company’s stock, valued at $5,806,381. This trade represents a 14.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the transaction, the director now directly owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 746,198 shares of company stock valued at $92,503,343. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTSI. Benchmark reiterated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Two 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 company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Trading Up 4.7 %

Shares of NASDAQ:MTSI opened at $109.07 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $88.32 and a 12 month high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company’s fifty day simple moving average is $125.32 and its 200 day simple moving average is $122.17. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of -75.74, a PEG ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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 negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal 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.