HMS Capital Management LLC Invests $425,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

HMS Capital Management LLC acquired a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 3,274 shares of the semiconductor company’s stock, valued at approximately $425,000.

Other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. raised its stake in shares of MACOM Technology Solutions by 74.3% in 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 purchased a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $33,000. ORG Wealth Partners LLC purchased a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $36,000. Quarry LP purchased a new position in shares of MACOM Technology Solutions in the third quarter worth about $57,000. Finally, Blue Trust Inc. raised its stake in shares of MACOM Technology Solutions by 122.2% in the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 264 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 45,773 shares of the stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the transaction, the director now owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total value 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 position. The disclosure for this sale can be found here. Insiders have sold 238,954 shares of company stock worth $30,343,543 over the last quarter. 16.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTSI shares. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday. Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $105.00 to $140.00 in a research report on Monday. Finally, Barclays lifted their price target 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $121.87 on Thursday. The stock’s fifty day moving average is $134.90 and its two-hundred day moving average is $120.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 6.55. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $81.14 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current fiscal 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.