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

Algert Global LLC grew its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 327.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 50,480 shares of the semiconductor company's stock after acquiring an additional 38,660 shares during the quarter. Algert Global LLC owned about 0.07% of MACOM Technology Solutions worth $6,558,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. raised 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 worth $31,000 after purchasing an additional 101 shares during the period. Empowered Funds LLC bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter worth approximately $35,000. ORG Wealth Partners LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC boosted its holdings in MACOM Technology Solutions by 97.2% during the 4th 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. Institutional investors own 76.14% of the company's stock.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of recent analyst reports. Truist Financial began coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 target price on the stock. Stifel Nicolaus decreased 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 report on Thursday, April 17th. Barclays dropped their target price on shares of MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Benchmark reiterated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $128.64.

MACOM Technology Solutions Stock Up 5.6 %

MTSI stock traded up $6.32 during trading on Thursday, reaching $119.69. 1,931,385 shares of the company traded hands, compared to its average volume of 671,005. The company has a market capitalization of $8.90 billion, a price-to-earnings ratio of -83.11, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The business has a 50 day simple moving average of $103.30 and a 200 day simple moving average of $120.78. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50.

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

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now directly owns 14,031 shares of the company's stock, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 45,773 shares of the firm's stock in a transaction dated 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 sale, the director now directly owns 5,509,746 shares of the company's stock, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,064 shares of company stock worth $91,879,525 over the last three months. 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.