MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 505,621 shares of the semiconductor company’s stock after purchasing an additional 29,882 shares during the quarter. Stephens Investment Management Group LLC owned about 0.70% of MACOM Technology Solutions worth $56,255,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of MACOM Technology Solutions by 8.1% during the first quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after buying an additional 465,759 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of MACOM Technology Solutions by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after purchasing an additional 154,066 shares during the period. Millennium Management LLC increased its holdings in shares of MACOM Technology Solutions by 958.1% in the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock valued at $149,214,000 after purchasing an additional 1,212,094 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of MACOM Technology Solutions by 7.5% during the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock worth $110,722,000 after purchasing an additional 69,689 shares during the last quarter. Finally, Hood River Capital Management LLC lifted its holdings in shares of MACOM Technology Solutions by 280.5% during the second quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock worth $78,568,000 after purchasing an additional 519,603 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $112.40 on Friday. The company has a market cap of $8.11 billion, a P/E ratio of 114.69, a P/E/G ratio of 4.49 and a beta of 1.70. The business has a fifty day simple moving average of $108.39 and a 200-day simple moving average of $105.39. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $68.58 and a 52 week high of $122.60. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.66. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The business had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. During the same quarter last year, the company earned $0.42 earnings per share. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. Equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In related news, CFO John Kober sold 2,671 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $117.47, for a total transaction of $313,762.37. Following the transaction, the chief financial officer now directly owns 47,221 shares of the company’s stock, valued at $5,547,050.87. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CFO John Kober sold 2,671 shares of the company’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $117.47, for a total transaction of $313,762.37. Following the completion of the sale, the chief financial officer now owns 47,221 shares in the company, valued at approximately $5,547,050.87. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen G. Daly sold 21,012 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $109.40, for a total value of $2,298,712.80. Following the sale, the chief executive officer now owns 64,472 shares in the company, valued at approximately $7,053,236.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 669,396 shares of company stock worth $71,106,808 in the last ninety days. 22.75% of the stock is owned by insiders.

Analysts Set New Price Targets

MTSI has been the subject of a number of analyst reports. Benchmark restated a “buy” rating and set a $120.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, September 12th. Needham & Company LLC raised their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. raised their target price on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, Barclays upped their price target on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $120.00.

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.