Rakuten Securities Inc. Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Rakuten Securities Inc. bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 360 shares of the semiconductor company’s stock, valued at approximately $47,000.

Other institutional investors have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $35,000. Citigroup Inc. lifted its position in shares of MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after buying an additional 21,786 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after buying an additional 210,151 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after buying an additional 116,090 shares during the last quarter. Finally, Algert Global LLC lifted its position in shares of MACOM Technology Solutions by 103.6% during the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after buying an additional 6,015 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $106.97 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $88.18 and a 12-month high of $152.50. The business has a 50-day simple moving average of $126.84 and a two-hundred day simple moving average of $122.25. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock has a market cap of $7.95 billion, a PE ratio of -74.28, a PEG ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) 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%. Analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Activity

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the stock in a transaction that occurred 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 represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now owns 43,657 shares in the company, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 746,198 shares of company stock valued at $92,503,343. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions 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.