Vanguard Group Inc. grew its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 8.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,194,008 shares of the semiconductor company’s stock after acquiring an additional 465,759 shares during the period. Vanguard Group Inc. owned about 8.59% of MACOM Technology Solutions worth $592,395,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Riverview Trust Co purchased a new stake in shares of MACOM Technology Solutions in the 1st quarter worth $47,000. Harvest Fund Management Co. Ltd purchased a new stake in MACOM Technology Solutions in the fourth quarter worth about $69,000. Fidelis Capital Partners LLC bought a new position in MACOM Technology Solutions during the 1st quarter worth about $77,000. Hennessy Advisors Inc. purchased a new position in MACOM Technology Solutions during the 4th quarter valued at about $129,000. Finally, International Assets Investment Management LLC bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $156,000. Institutional investors own 76.14% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on MTSI. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price objective on the stock. Needham & Company LLC lifted their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Barclays upped their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Craig Hallum raised their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Finally, Benchmark boosted their target price on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $113.00.
Read Our Latest Stock Report on MACOM Technology Solutions
MACOM Technology Solutions Stock Down 3.8 %
MTSI stock opened at $97.78 on Friday. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $66.85 and a 52 week high of $118.76. The stock has a market capitalization of $7.05 billion, a PE ratio of 111.11, a price-to-earnings-growth ratio of 5.19 and a beta of 1.70. The firm has a 50 day moving average of $106.40 and a 200 day moving average of $97.55.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The company had revenue of $181.23 million for the quarter, compared to analyst estimates of $180.97 million. Sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.92 earnings per share for the current year.
Insider Buying and Selling at MACOM Technology Solutions
In related news, Director Susan Ocampo sold 75,000 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $103.02, for a total transaction of $7,726,500.00. Following the completion of the sale, the director now owns 7,912,681 shares of the company’s stock, valued at $815,164,396.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other MACOM Technology Solutions news, CFO John Kober sold 13,666 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the transaction, the chief financial officer now directly owns 47,006 shares of the company’s stock, valued at $4,840,677.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 75,000 shares of the business’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $103.02, for a total transaction of $7,726,500.00. Following the completion of the transaction, the director now owns 7,912,681 shares of the company’s stock, valued at $815,164,396.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 538,427 shares of company stock worth $55,391,868. 22.75% 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.
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