141,343 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Bought by Balyasny Asset Management L.P.

Balyasny Asset Management L.P. acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 141,343 shares of the semiconductor company's stock, valued at approximately $18,362,000. Balyasny Asset Management L.P. owned approximately 0.19% of MACOM Technology Solutions at the end of the most recent quarter.

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

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock traded down $1.58 on Friday, hitting $118.08. The company's stock had a trading volume of 570,031 shares, compared to its average volume of 671,431. The company has a market capitalization of $8.78 billion, a P/E ratio of -82.00, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The firm has a fifty day moving average price of $103.46 and a 200-day moving average price of $120.85. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

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

Analyst Ratings Changes

Several analysts recently commented on MTSI shares. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research report on Wednesday, April 9th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Truist Financial assumed coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 price objective for the company. Stifel Nicolaus lowered their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Benchmark restated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday. 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 company's stock. Based on data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $130.91.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the sale, the senior vice president now owns 35,603 shares in the company, valued at approximately $3,560,300. This trade represents a 15.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the completion of the transaction, the director now owns 4,823,636 shares of the company's stock, valued at $598,757,936.68. This trade represents a 5.86 % 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 valued at $91,879,525 over the last three months. 16.30% of the stock is currently owned by insiders.

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.