Lisanti Capital Growth LLC Purchases 24,715 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Lisanti Capital Growth LLC increased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 149.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,290 shares of the semiconductor company’s stock after acquiring an additional 24,715 shares during the period. Lisanti Capital Growth LLC owned about 0.06% of MACOM Technology Solutions worth $5,364,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTSI. UMB Bank n.a. grew its holdings in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in MACOM Technology Solutions during the 4th quarter worth about $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions during the 4th quarter worth about $35,000. ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth about $36,000. Finally, Smartleaf Asset Management LLC increased its position in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares in the company, valued at $912,855.48. This represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 747,564 shares of company stock valued at $92,693,312. 16.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on MTSI. Benchmark reissued a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Barclays increased their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $104.00 on Friday. The firm has a market capitalization of $7.73 billion, a P/E ratio of -72.22, a PEG ratio of 2.42 and a beta of 1.71. The business has a 50-day moving average of $129.32 and a 200-day moving average of $122.27. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $88.18 and a 1 year high of $152.50.

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%. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.