Sonia Randhawa

Fulton Bank NA increased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 6.6% in the fourth quarter, according to the company's latest disclosures filed with the Securities and Exchange Commission. . The company now owns 5,186 shares of the company's stock after purchasing an additional 323 shares during the quarter. Fulton Bank NA's holdings in MACOM Technology Solutions were valued at $482,000 at the time of its latest SEC filing.

Other hedge funds and institutional investors have also recently modified their holdings of the company's stock. Ensign Peak Advisors Inc bought a new position in MACOM Technology Solutions during the 3rd quarter valued at approximately $29,000. RiverPark Advisors LLC bought a new stake in his MACOM Technology Solutions in the 3rd quarter valued at approximately $58,000. Point72 Hong Kong Ltd. raised his stake in shares of MACOM Technology Solutions by 69.9% in the 2nd quarter. Point72 Hong Kong Ltd. now owns 1,451 shares of the company's stock valued at $67,000 after acquiring an additional 597 shares during the period. Captrust Financial Advisors raised his stake in shares of MACOM Technology Solutions by 26.6% in the 2nd quarter. CapTrust Financial Advisors Inc. now owns 1,466 shares of the company's stock valued at $68,000 after acquiring an additional 308 shares during the period. Finally, West Tower Group LLC bought a new stake in his MACOM Technology Solutions in the 2nd quarter valued at approximately $77,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Wall Street analysts predict growth

A number of research analysts have recently given their opinions on the stock. TheStreet downgraded shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Piper Sandler reiterated a “neutral” rating and set a $85.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Needham & Company LLC raised their target price on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Bank of America upgraded shares of MACOM Technology Solutions from a “neutral” rating to a “buy” rating and increased their target price for the company from $90.00 to $105.00 in a research report on Friday, December 15th. Finally, Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from his $90.00 to his $105.00 and gave the company a “buy” rating in a research report on Tuesday, January 2nd. 2 analysts have rated the stock as a “hold” and 7 have rated it a “buy”. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $94.67.

Check out the latest report on MTSI.

MACOM Technology Solutions stock price trends

NASDAQ:MTSI opened Friday at $89.49. The stock has a market capitalization of $6.45 billion, a P/E 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 52-week low of $48.53 and a 52-week high of $99.21. The company's 50 day simple moving average is $87.32 and its 200 day simple moving average is $83.90. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48.

MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last released its quarterly earnings data on Thursday, February 1st. The company reported $0.43 EPS for the quarter, meeting analysts' consensus estimates of $0.43. The company had revenue of $157.15 million for the quarter, compared to analyst expectations of $151.12 million. MACOM Technology Solutions had a net profit margin of 11.93% and a return on equity of 14.85%. Analysts expect MACOM Technology Solutions Holdings, Inc. to report 2.02 times earnings per share for the current fiscal year.

Insider Trading at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 12,892 shares of MACOM Technology Solutions stock in a transaction on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the transaction, the chief financial officer now directly owns 60,672 shares of the company's stock, valued at $4,850,726.40. The sale was disclosed in his SEC filing, available at this link. 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 shares were sold at an average price of $86.12, for a total transaction of $87,756.28. Following the completion of the sale, the senior vice president now owns 15,649 shares of the company's stock, valued at $1,347,691.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed on the SEC's website. Also, CFO John Kober sold 12,892 shares of the company's stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the transaction, the chief financial officer now owns 60,672 shares of the company's stock, valued at approximately $4,850,726.40. Disclosures regarding this sale can be found here. Insiders sold a total of 811,188 shares of company stock valued at $68,669,828 over the past three months. Insiders own 22.75% of the company's stock.

About MACOM Technology Solutions

(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.