Vanguard Group Inc. increased its holdings in MACOM Technology Solutions Holdings Inc. (NASDAQ:MTSI – Free Report ) by 8.1% during the first quarter, according to the latest filing with the SEC. The institutional investor acquired an additional 465,759 shares during the period, giving it a total holding of 6,194,008 shares of the semiconductor company’s stock. Vanguard Group Inc. held approximately 8.59% of MACOM Technology Solutions Inc., valued at $592,395,000, as of the end of the most recent quarter.
Other hedge funds and institutional investors also recently bought and sold shares in the company. Riverview Trust Co purchased a new stake in MACOM Technology Solutions in the first quarter valued at $47,000. Harvest Fund Management Co. Ltd purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $69,000. Fidelis Capital Partners LLC purchased a new stake in MACOM Technology Solutions in the first quarter valued at approximately $77,000. Hennessy Advisors Inc. purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $129,000. Finally, International Assets Investment Management LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $156,000. Institutional investors hold 76.14% of the company’s shares.
Wall Street analysts predict growth
Several research firms have recently issued reports on MTSI. Evercore ISI initiated coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. The firm set an “outperform” rating and a $120.00 price target on the stock. Needham & Company LLC increased 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 increased their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Craig Hallum increased their price target 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 given a buy rating to the company. According to data from MarketBeat.com, the company currently has a “moderate buy” consensus rating, with a consensus target price of $113.00.
Read the latest stock report on MACOM Technology Solutions
MACOM Technology Solutions shares fell 3.8%
MTSI shares opened trading 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.’s 52-week low is $66.85 and its 52-week high is $118.76. The company has a market cap of $7.05 billion, a P/E ratio of 111.11, a price-to-earnings growth ratio of 5.19 and a beta of 1.70. The company’s 50-day moving average is $106.40 and its 200-day moving average is $97.55.
MACOM Technology Solutions (NASDAQ:MTSI – Get free report ) last released 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 an ROE of 12.67% and a net margin of 10.01%. The company’s quarterly revenue of $181.23 million beat analyst expectations of $180.97 million. Sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post earnings of $1.92 per share for the current year.
Insider Trading at MACOM Technology Solutions
In related news, Director, Susan Ocampo sold 75,000 shares of MACOM Technology Solutions stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $103.02, for a total transaction value 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 and Exchange Commission, which is available on the SEC’s website. In other MACOM Technology Solutions news, CFO, John Kober sold 13,666 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total transaction 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 and Exchange Commission, available at this link. Additionally, Director Susan Ocampo sold 75,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $103.02, for a total transaction value 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 the company’s stock, valued at $55,391,868. 22.75% of the stock is currently owned by insiders.
MACOM Technology Solutions Company Profile
(Free report)
MACOM Technology Solutions Holdings, Inc., together with its subsidiaries, designs and manufactures analog semiconductor solutions for use in wireless and wireline applications spanning the radio frequency (RF), microwave, millimeter wave and lightwave spectrums in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand and throughout the world.
Recommended articles
Want to know which other hedge funds are holding MTSI? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – FREE Report).
Get MACOM Technology Solutions News and Ratings Daily – Enter your email address below to receive a concise summary of the latest news and analyst ratings for MACOM Technology Solutions and related companies every day with MarketBeat.com’s free email newsletter.
