2,979 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Acquired by Marshall Wace LLP

Marshall Wace LLP purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,979 shares of the semiconductor company's stock, valued at approximately $387,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions in the 4th quarter worth about $35,000. Charles Schwab Investment Management Inc. increased its position in shares of MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after acquiring an additional 1,719 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock worth $12,756,000 after purchasing an additional 18,055 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 138 shares during the period. Finally, Covea Finance grew its stake in shares of MACOM Technology Solutions by 8.0% during the 4th quarter. Covea Finance now owns 27,000 shares of the semiconductor company's stock valued at $3,508,000 after acquiring an additional 2,000 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Trading Down 1.1 %

MACOM Technology Solutions stock traded down $1.35 during midday trading on Friday, hitting $118.31. 142,025 shares of the stock were exchanged, compared to its average volume of 668,936. The stock's 50-day simple moving average is $103.30 and its 200 day simple moving average is $120.78. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of -82.16, a PEG ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The company's quarterly revenue was up 30.2% on a year-over-year basis. During the same period last year, the company earned $0.59 EPS. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the company from $105.00 to $140.00 in a research note on Monday, February 10th. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Wednesday, April 9th. Barclays increased their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday. Stifel Nicolaus lowered their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $130.91.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 6,471 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares of the company's stock, valued at $3,560,300. This represents a 15.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the transaction, the director now owns 4,689,225 shares in the company, valued at approximately $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 743,064 shares of company stock worth $91,879,525. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions 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.