Counterpoint Mutual Funds LLC Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Counterpoint Mutual Funds LLC bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,642 shares of the semiconductor company’s stock, valued at approximately $733,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTSI. Signaturefd LLC lifted its position in MACOM Technology Solutions by 8.3% during the 4th quarter. Signaturefd LLC now owns 2,211 shares of the semiconductor company’s stock worth $287,000 after buying an additional 169 shares in the last quarter. Corient Private Wealth LLC lifted its position in shares of MACOM Technology Solutions by 4.7% during the fourth quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company’s stock worth $394,000 after purchasing an additional 136 shares in the last quarter. one8zero8 LLC bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $234,000. Hilton Capital Management LLC increased its holdings in shares of MACOM Technology Solutions by 4.9% in the fourth quarter. Hilton Capital Management LLC now owns 18,159 shares of the semiconductor company’s stock valued at $2,359,000 after purchasing an additional 848 shares in the last quarter. Finally, Swiss National Bank raised its position in MACOM Technology Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 113,550 shares of the semiconductor company’s stock worth $14,751,000 after purchasing an additional 900 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insiders Place Their Bets

In other news, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the transaction, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. This trade represents a 4.37 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the transaction, the director now owns 4,689,225 shares in the company, valued at approximately $581,839,038. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock worth $92,503,343 over the last ninety days. Corporate insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

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

MACOM Technology Solutions Stock Up 4.7 %

NASDAQ MTSI opened at $109.07 on Monday. The company 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 Holdings, Inc. has a 1-year low of $88.32 and a 1-year high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The company has a 50 day moving average of $125.32 and a 200-day moving average of $122.29.

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%. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

MACOM Technology Solutions Company 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.