Holdings Channel.com reports that EP Wealth Advisors LLC bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) in the 3rd quarter. The institutional investor bought 2,550 shares of the semiconductor company's stock, valued at approximately $208,000.
Other institutional investors and hedge funds have also recently modified their holdings of the company's stock. Penserra Capital Management LLC increased its holdings in MACOM Technology Solutions by 84.3% during the 3rd quarter. Pensera Capital Management LLC now owns 95,114 shares of the company's stock worth $7,759,000 after acquiring an additional 43,494 shares in the last quarter. Burney Co. bought a new stake in his MACOM Technology Solutions in the 3rd quarter valued at approximately $1,318,000. Charles Schwab Investment Management Inc. grew its holdings in shares of MACOM Technology Solutions by 12.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 440,481 shares of the company's stock worth $35,934,000 after purchasing an additional 47,932 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of MACOM Technology Solutions by 139.9% in the 3rd quarter. Principal Financial Group Inc. now owns 494,621 shares of the company's stock worth $40,351,000 after purchasing an additional 288,408 shares in the last quarter. Finally, ClariVest Asset Management LLC purchased a new stake in his MACOM Technology Solutions during the 3rd quarter valued at approximately $1,224,000. Currently, 76.14% of the stock is held by institutional investors.
Insider activity
In other news, SVP Donghyun Thomas Hwang sold 9,397 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $92.24, for a total transaction of $866,779.28. Following the transaction, the executive vice president now owns 48,325 shares of the company's stock, valued at approximately $4,457,498. The transaction was disclosed in a filing with the SEC, which can be accessed on the SEC's website. In other MACOM Technology Solutions news, Senior Vice President Wayne Mack Struble sold 1,019 shares of the company's stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the transaction, the executive vice president now owns 15,649 shares of the company's stock, valued at approximately $1,347,691.88. The sale was disclosed in a filing with the Securities and Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 9,397 shares of the company's stock in a transaction on Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the completion of the sale, the senior vice president now owns 48,325 shares of the company's stock, valued at $4,457,498. Disclosures regarding this sale can be found here. Over the past 90 days, insiders have sold 811,188 shares of company stock, valued at $68,669,828. 22.75% of the shares are currently owned by insiders.
Wall Street Analysts Share Their Opinions
Several research companies have recently commented on MTSI. Bank of America upgraded MACOM Technology Solutions from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $90.00 to $105.00 in a report on Friday, December 15th. Needham & Company LLC increased their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Stifel Nicolaus increased their target price on MACOM Technology Solutions from $90.00 to $105.00 and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Barclays raised their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Finally, TheStreet lowered MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Two equity research analysts have rated the stock as a “hold” and seven have rated it a “buy.” The stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $94.67, according to MarketBeat data.
Read the latest stock analysis for MTSI
MACOM Technology Solutions shares fell 0.5%
MTSI stock opened at $89.49 on Monday. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 86.05x, a price-to-earnings ratio of 5.79x, and a beta of 1.63x. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $48.53 and a 1-year high of $99.21. His 50 day simple moving average for this company is $87.32 and his 200 day simple moving average is $83.91. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24, and a quick ratio of 5.69.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported earnings per share (EPS) of $0.43 for the quarter, beating the consensus estimate of $0.43. The business had revenue of $157.15 million in the quarter, compared to analyst expectations of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net profit margin of 11.93%. As a group, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post earnings of 2.02 per share for the current fiscal year.
MACOM Technology Solutions Company Profile
(Free report)
MACOM Technology Solutions Holdings, Inc, along with its subsidiaries, has operations in the United States, China, Australia, Japan, Malaysia, Singapore, South Korea, Taiwan, Thailand, and overseas.
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Curious if other hedge funds hold MTSI? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report).
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