Captrust Financial Advisors Boosts Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Captrust Financial Advisors grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 66.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,005 shares of the semiconductor company's stock after purchasing an additional 3,193 shares during the quarter. Captrust Financial Advisors' holdings in MACOM Technology Solutions were worth $1,040,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Balyasny Asset Management L.P. purchased a new position in shares of MACOM Technology Solutions during the 4th quarter valued at about $18,362,000. Bayesian Capital Management LP purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $475,000. Algert Global LLC boosted its position in shares of MACOM Technology Solutions by 327.1% during the fourth quarter. Algert Global LLC now owns 50,480 shares of the semiconductor company's stock valued at $6,558,000 after purchasing an additional 38,660 shares in the last quarter. PDT Partners LLC bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $624,000. Finally, Schonfeld Strategic Advisors LLC boosted its position in shares of MACOM Technology Solutions by 53.1% during the fourth quarter. Schonfeld Strategic Advisors LLC now owns 8,092 shares of the semiconductor company's stock valued at $1,051,000 after purchasing an additional 2,806 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MTSI. Barclays boosted their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Bank of America dropped their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus dropped their target price 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. Truist Financial began coverage on MACOM Technology Solutions in a report on Friday, April 11th. They set a "buy" rating and a $125.00 price target on the stock. Finally, Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of "Moderate Buy" and a consensus price target of $130.50.

MACOM Technology Solutions Stock Performance

MTSI traded up $0.20 during midday trading on Wednesday, reaching $123.71. The company had a trading volume of 58,336 shares, compared to its average volume of 680,900. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $106.15 and a two-hundred day moving average of $121.15. The company has a market cap of $9.20 billion, a P/E ratio of -86.09, a P/E/G ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, topping 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 business had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. The business's quarterly revenue was up 30.2% on a year-over-year basis. As a group, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 4,694 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $123.50, for a total transaction of $579,709.00. Following the completion of the sale, the director now directly owns 4,223,070 shares of the company's stock, valued at approximately $521,549,145. This trade represents a 0.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $118.59, for a total value of $586,308.96. Following the transaction, the senior vice president now owns 30,659 shares in the company, valued at $3,635,850.81. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 413,638 shares of company stock worth $50,988,500. 16.30% of the stock is owned by corporate insiders.

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.