Dynamic Technology Lab Private Ltd Acquires Shares of 15,680 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Dynamic Technology Lab Private Ltd bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 15,680 shares of the semiconductor company’s stock, valued at approximately $2,037,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Louisiana State Employees Retirement System grew its stake in MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock worth $2,092,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares in the last quarter. EP Wealth Advisors LLC increased its stake in shares of MACOM Technology Solutions by 4.2% during the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 110 shares during the period. CIBC Asset Management Inc raised its holdings in shares of MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 112 shares in the last quarter. Finally, Arizona State Retirement System lifted its stake in MACOM Technology Solutions by 0.7% in the fourth 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 during the period. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on MTSI shares. Benchmark reissued a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Two equities research 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’s stock. According to MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Insiders Place Their Bets

In other news, Director Susan Ocampo sold 97,527 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the sale, the director now directly owns 4,689,225 shares of the company’s stock, valued at $581,839,038. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 743,948 shares of company stock valued at $92,210,640. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Stock Down 2.7 %

MACOM Technology Solutions stock opened at $89.66 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.10 and a 1-year high of $152.50. The business has a fifty day moving average price of $114.42 and a 200-day moving average price of $122.28. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of -62.26, a PEG ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Equities 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.