Marshall Wace LLP Purchases New Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

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

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. boosted its holdings in MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after buying an additional 101 shares during the period. Empowered Funds LLC bought a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions during the 4th quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new position in MACOM Technology Solutions in the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC boosted its stake in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 138 shares during the period. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 45,773 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the transaction, the director now directly owns 5,509,746 shares of the company's stock, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total transaction of $647,100.00. Following the transaction, the senior vice president now owns 35,603 shares of the company's stock, valued at approximately $3,560,300. This trade represents a 15.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 743,064 shares of company stock valued at $91,879,525. 16.30% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Trading Down 2.6 %

Shares of NASDAQ MTSI traded down $2.90 during mid-day trading on Tuesday, reaching $110.82. The company had a trading volume of 729,751 shares, compared to its average volume of 664,329. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The business's 50-day moving average is $103.13 and its 200-day moving average is $120.80. The stock has a market cap of $8.24 billion, a price-to-earnings ratio of -76.96, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on MTSI shares. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a report on Wednesday, April 9th. Bank of America lowered their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target for the company. Finally, Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $128.64.

About MACOM Technology Solutions

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.