Semanteon Capital Management LP Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Semanteon Capital Management LP acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 10,781 shares of the semiconductor company’s stock, valued at approximately $1,401,000.

A number of other institutional investors also recently made changes to their positions in the business. Westfield Capital Management Co. LP boosted its stake in shares of MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after purchasing an additional 210,151 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of MACOM Technology Solutions by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock valued at $113,044,000 after purchasing an additional 46,812 shares in the last quarter. The Manufacturers Life Insurance Company boosted its stake in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Jennison Associates LLC boosted its stake in shares of MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock valued at $69,172,000 after purchasing an additional 2,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of MACOM Technology Solutions by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock valued at $69,157,000 after purchasing an additional 1,719 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

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

MACOM Technology Solutions Trading Down 1.2 %

NASDAQ:MTSI opened at $108.65 on Friday. The company has a 50-day moving average price of $123.13 and a 200-day moving average price of $122.10. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $90.01 and a 12 month high of $152.50. 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 stock has a market cap of $8.08 billion, a price-to-earnings ratio of -75.45, a P/E/G ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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 2.43 EPS for the current year.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction dated Monday, January 27th. The shares were 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 directly owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Kober sold 2,250 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the sale, the chief financial officer now owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 746,198 shares of company stock worth $92,503,343 in the last three months. 16.30% of the stock is owned by corporate insiders.

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.