Corton Capital Inc. Acquires New Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Corton Capital Inc. acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 2,598 shares of the semiconductor company's stock, valued at approximately $338,000.

A number of other hedge funds have also recently made changes to their positions in MTSI. Price T Rowe Associates Inc. MD grew its position in MACOM Technology Solutions by 38.9% in the 4th 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 in the last quarter. Norges Bank bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $82,833,000. Vanguard Group Inc. raised its position in shares of MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after purchasing an additional 368,979 shares during the period. Massachusetts Financial Services Co. MA bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $31,260,000. Finally, Balyasny Asset Management L.P. bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $18,362,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, 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 transaction of $37,239,000.00. Following the completion of the sale, the director now directly owns 4,823,636 shares of the company's stock, valued at approximately $598,757,936.68. The trade was a 5.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares of the company's stock, valued at approximately $3,560,300. This trade represents a 15.38% decrease in their ownership of the stock. 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. Insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MTSI shares. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Wednesday, April 9th. Bank of America lowered their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus reduced their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $130.91.

MACOM Technology Solutions Stock Performance

Shares of MTSI traded up $6.52 on Monday, reaching $124.60. The company's stock had a trading volume of 594,762 shares, compared to its average volume of 671,434. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The stock has a market capitalization of $9.26 billion, a P/E ratio of -86.53, a PEG ratio of 2.42 and a beta of 1.36. The stock's 50 day simple moving average is $103.46 and its two-hundred day simple moving average is $120.88.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share 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 business had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The company's revenue for the quarter was up 30.2% on a year-over-year basis. Research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share 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.