MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Position Raised by Quadrant Capital Group LLC

Quadrant Capital Group LLC lifted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 8.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,339 shares of the semiconductor company’s stock after acquiring an additional 101 shares during the quarter. Quadrant Capital Group LLC’s holdings in MACOM Technology Solutions were worth $174,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its stake in MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 101 shares during the period. Empowered Funds LLC acquired a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC increased its stake 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 buying an additional 138 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $106.59 on Thursday. 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 fifty day simple moving average of $111.26 and a 200 day simple moving average of $122.00. The company has a market cap of $7.92 billion, a P/E ratio of -74.02, a P/E/G ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50.

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 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, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

Several research firms have weighed in on MTSI. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $105.00 to $140.00 in a research note 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 target on the stock in a research note on Wednesday. Finally, Benchmark restated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.82.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 97,527 shares of the firm’s 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 sale, the director now owns 4,689,225 shares in the company, valued at approximately $581,839,038. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares of the company’s stock, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 743,948 shares of company stock valued at $92,210,640. Company insiders own 16.30% of the company’s stock.

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.