Raymond James Financial Inc. Purchases New Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Raymond James Financial Inc. purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 66,426 shares of the semiconductor company’s stock, valued at approximately $8,630,000.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. grew its stake 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 worth $846,656,000 after purchasing an additional 368,979 shares during the last quarter. Geode Capital Management LLC grew its position in shares of 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 worth $132,882,000 after buying an additional 6,784 shares during the last quarter. Norges Bank purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $82,833,000. Jennison Associates LLC raised its holdings in shares of MACOM Technology Solutions by 0.5% during the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock valued at $69,172,000 after acquiring an additional 2,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of MACOM Technology Solutions by 0.3% during 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 acquiring an additional 1,719 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 45,773 shares of the company’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the transaction, the director now owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the business’s 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 in the company, valued at $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 743,948 shares of company stock worth $92,210,640. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Stock Down 1.9 %

NASDAQ:MTSI opened at $95.41 on Tuesday. The firm has a 50-day simple moving average of $106.44 and a two-hundred day simple moving average of $121.46. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two 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. The firm has a market cap of $7.09 billion, a P/E ratio of -66.26, a P/E/G ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 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%. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Bank of America reduced their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.83.

About MACOM Technology Solutions

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.