KLP Kapitalforvaltning AS Takes $1.56 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

KLP Kapitalforvaltning AS purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 12,000 shares of the semiconductor company’s stock, valued at approximately $1,559,000.

Several other institutional investors have also recently made changes to their positions in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after purchasing an additional 182,058 shares during the period. Cinctive Capital Management LP boosted its stake in MACOM Technology Solutions by 744.5% during the third quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company’s stock worth $9,859,000 after buying an additional 78,116 shares during the period. EULAV Asset Management acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at about $9,749,000. Raymond James Financial Inc. purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $8,630,000. Finally, Concentric Capital Strategies LP lifted its holdings in shares of MACOM Technology Solutions by 96.8% in the 3rd quarter. Concentric Capital Strategies LP now owns 102,216 shares of the semiconductor company’s stock worth $11,373,000 after acquiring an additional 50,272 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $98.47 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $90.01 and a 1 year high of $152.50. The stock has a market capitalization of $7.32 billion, a PE ratio of -68.38, a PEG ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The stock has a 50-day simple moving average of $119.31 and a 200-day simple moving average of $122.37.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MTSI shares. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Benchmark restated a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. 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’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now directly owns 14,031 shares in the company, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO John Kober sold 2,250 shares of the stock in a transaction dated Thursday, January 2nd. The stock was 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 $6,405,501.51. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 746,198 shares of company stock worth $92,503,343. 16.30% of the stock is currently owned by 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.