MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Acquired by Algert Global LLC

Algert Global LLC boosted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 327.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 50,480 shares of the semiconductor company's stock after purchasing an additional 38,660 shares during the period. Algert Global LLC owned about 0.07% of MACOM Technology Solutions worth $6,558,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System grew its stake in shares of MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after buying an additional 100 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in MACOM Technology Solutions by 1.4% during the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after acquiring an additional 100 shares during the period. UMB Bank n.a. grew its position 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 valued at $31,000 after acquiring an additional 101 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of MACOM Technology Solutions by 8.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after purchasing an additional 101 shares in the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in MACOM Technology Solutions by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after buying an additional 112 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently weighed in on MTSI. Truist Financial initiated coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 price objective on the stock. Stifel Nicolaus cut their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays lifted their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their target price for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Two research 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, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $130.91.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $1.58 during trading hours on Friday, hitting $118.08. The company had a trading volume of 570,031 shares, compared to its average volume of 671,431. The business has a 50 day moving average of $103.46 and a 200-day moving average of $120.85. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a market cap of $8.78 billion, a PE ratio of -82.00, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results 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 for 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 firm's quarterly revenue was up 30.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. As a group, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the sale, the senior vice president now directly owns 35,603 shares of the company's stock, valued at approximately $3,560,300. This represents a 15.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 743,064 shares of company stock worth $91,879,525 in the last 90 days. Company 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.