Louisiana State Employees Retirement System Buys 100 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Louisiana State Employees Retirement System increased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,100 shares of the semiconductor company’s stock after purchasing an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in MACOM Technology Solutions were worth $2,092,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTSI. UMB Bank n.a. raised its holdings in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares in the last quarter. EP Wealth Advisors LLC raised its stake in MACOM Technology Solutions by 4.2% during the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock worth $302,000 after acquiring an additional 110 shares in the last quarter. Verdence Capital Advisors LLC lifted its holdings in shares of MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 137 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of MACOM Technology Solutions by 3.4% in the 3rd quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock valued at $534,000 after purchasing an additional 157 shares in the last quarter. Finally, Chartwell Investment Partners LLC grew its holdings in shares of MACOM Technology Solutions by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock valued at $2,783,000 after purchasing an additional 199 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of research analyst reports. Barclays raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. 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. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Piper Sandler upped their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. 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 stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Stock Up 0.8 %

MACOM Technology Solutions stock opened at $123.12 on Friday. The firm has a market cap of $9.15 billion, a price-to-earnings ratio of -85.50, a PEG ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $82.36 and a 52-week high of $152.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61. The firm has a 50 day moving average price of $134.27 and a two-hundred day moving average price of $120.56.

MACOM Technology Solutions (NASDAQ:MTSI) last announced 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 1,789 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $125.00, for a total transaction of $223,625.00. Following the transaction, the director now directly owns 5,912,219 shares of the company’s stock, valued at $739,027,375. This represents a 0.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 2,539 shares of MACOM Technology Solutions stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total transaction of $306,711.20. Following the completion of the sale, the senior vice president now directly owns 31,206 shares of the company’s stock, valued at approximately $3,769,684.80. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 139,828 shares of company stock worth $18,070,919 in the last 90 days. Corporate insiders own 16.30% of the company’s stock.

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.