3,657 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,657 shares of the semiconductor company's stock, valued at approximately $475,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTSI. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions in the fourth quarter worth approximately $35,000. Charles Schwab Investment Management Inc. raised its position in MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after acquiring an additional 1,719 shares during the period. Assenagon Asset Management S.A. raised its position in MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock worth $12,756,000 after acquiring an additional 18,055 shares during the period. Smartleaf Asset Management LLC raised its position in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, Covea Finance raised its position in MACOM Technology Solutions by 8.0% in the fourth quarter. Covea Finance now owns 27,000 shares of the semiconductor company's stock worth $3,508,000 after acquiring an additional 2,000 shares during the period. Institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday. Truist Financial began coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target on the stock. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Stifel Nicolaus reduced their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Bank of America reduced 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 report on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $130.91.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the sale, the senior vice president now owns 35,603 shares of the company's stock, valued at $3,560,300. The trade was a 15.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 97,527 shares of the firm's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. This trade represents a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 697,291 shares of company stock worth $86,141,880. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Up 5.3%

MTSI traded up $6.27 during trading hours on Monday, hitting $124.35. 444,544 shares of the company's stock were exchanged, compared to its average volume of 670,667. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The firm has a 50 day moving average of $103.46 and a 200 day moving average of $120.88. The firm has a market cap of $9.24 billion, a P/E ratio of -86.21, 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 released its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. During the same period last year, the business posted $0.59 earnings per share. MACOM Technology Solutions's revenue was up 30.2% compared to the same quarter last year. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.