Crestline Management LP Boosts Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Crestline Management LP raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 16.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 43,051 shares of the semiconductor company's stock after acquiring an additional 6,085 shares during the quarter. Crestline Management LP owned 0.06% of MACOM Technology Solutions worth $5,593,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in MTSI. Cubist Systematic Strategies LLC lifted its stake in shares of MACOM Technology Solutions by 16.3% in the fourth quarter. Cubist Systematic Strategies LLC now owns 52,318 shares of the semiconductor company's stock worth $6,797,000 after buying an additional 7,315 shares during the last quarter. Centiva Capital LP acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $323,000. Captrust Financial Advisors grew its holdings in shares of MACOM Technology Solutions by 66.4% during the 4th quarter. Captrust Financial Advisors now owns 8,005 shares of the semiconductor company's stock worth $1,040,000 after purchasing an additional 3,193 shares in the last quarter. Balyasny Asset Management L.P. bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $18,362,000. Finally, Bayesian Capital Management LP bought a new position in MACOM Technology Solutions in the fourth quarter worth $475,000. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded down $1.58 during trading hours on Friday, reaching $118.08. 570,031 shares of the stock traded hands, compared to its average volume of 671,176. The company has a 50 day moving average price of $103.46 and a 200 day moving average price of $120.81. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. 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 capitalization of $8.78 billion, a price-to-earnings ratio of -82.00, a P/E/G ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm's revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 EPS. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction 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 completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now owns 14,031 shares in the company, valued at $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 743,064 shares of company stock worth $91,879,525 in the last quarter. 16.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MTSI shares. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 target price on the stock. Benchmark reaffirmed a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday. Finally, Stifel Nicolaus dropped their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.91.

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.