MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Captrust Financial Advisors

Captrust Financial Advisors boosted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 66.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,005 shares of the semiconductor company's stock after buying an additional 3,193 shares during the period. Captrust Financial Advisors' holdings in MACOM Technology Solutions were worth $1,040,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. UMB Bank n.a. raised its stake in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new position in MACOM Technology Solutions in the fourth quarter worth $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions during the fourth quarter worth $35,000. Smartleaf Asset Management LLC lifted its holdings in shares of 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 purchasing an additional 138 shares during the last quarter. Finally, AlphaQuest LLC purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $42,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MTSI. Truist Financial initiated coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 target price on the stock. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $105.00 to $140.00 in a report on Monday, February 10th. Stifel Nicolaus dropped their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Bank of America cut 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. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $130.50.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,944 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total transaction of $586,308.96. Following the completion of the transaction, the senior vice president now directly owns 30,659 shares in the company, valued at approximately $3,635,850.81. This represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the completion of the sale, the director now owns 4,377,764 shares in the company, valued at approximately $541,004,075.12. This trade represents a 6.41% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 708,944 shares of company stock valued at $87,647,791. 16.30% of the stock is owned by company insiders.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded down $0.93 on Monday, hitting $122.53. The company had a trading volume of 862,058 shares, compared to its average volume of 684,270. The company has a 50-day moving average price of $105.45 and a 200-day moving average price of $121.06. 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 firm has a market cap of $9.11 billion, a P/E ratio of -85.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50.

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, topping analysts' consensus estimates 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 firm had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same period in the prior year, the firm posted $0.59 earnings per share. The firm's quarterly revenue was up 30.2% compared to the same quarter last year. 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.

MACOM Technology Solutions Company 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.