Aquatic Capital Management LLC Purchases New Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Aquatic Capital Management LLC acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 17,316 shares of the semiconductor company's stock, valued at approximately $2,250,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MTSI. Vanguard Group Inc. grew its holdings in shares of MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after buying an additional 368,979 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after purchasing an additional 1,120,510 shares during the last quarter. Geode Capital Management LLC boosted its holdings in MACOM Technology Solutions by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after purchasing an additional 6,784 shares during the last quarter. Norges Bank purchased a new stake in MACOM Technology Solutions in the fourth quarter worth approximately $82,833,000. Finally, Jennison Associates LLC boosted its holdings in MACOM Technology Solutions by 0.5% in the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after purchasing an additional 2,646 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $104.06 on Tuesday. 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 company has a market cap of $7.74 billion, a P/E ratio of -72.26, a P/E/G ratio of 2.42 and a beta of 1.72. The firm's fifty day moving average is $104.36 and its two-hundred day moving average is $121.08. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) 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%. As a group, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the sale, the director now directly owns 14,031 shares in the company, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 45,773 shares of the stock in a transaction that occurred 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 sale, the director now owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 736,593 shares of company stock worth $91,232,425. 16.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MTSI. BNP Paribas upgraded 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 report on Wednesday, April 9th. 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 report on Tuesday, April 22nd. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Benchmark reiterated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Bank of America dropped their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $127.92.

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.

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