MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Crestline Management LP

Crestline Management LP grew its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,051 shares of the semiconductor company's stock after buying an additional 6,085 shares during the period. Crestline Management LP owned 0.06% of MACOM Technology Solutions worth $5,593,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake 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. Price T Rowe Associates Inc. MD lifted its stake in shares of MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after purchasing an additional 1,120,510 shares during the period. Geode Capital Management LLC lifted its stake in shares of MACOM Technology Solutions by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after purchasing an additional 6,784 shares during the period. Norges Bank acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $82,833,000. Finally, Jennison Associates LLC lifted its stake in shares of MACOM Technology Solutions by 0.5% in the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock valued at $69,172,000 after purchasing an additional 2,646 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 6,471 shares of the business's 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 transaction, the senior vice president now directly owns 35,603 shares of the company's stock, valued at approximately $3,560,300. The trade was a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now directly owns 14,031 shares in the company, valued at approximately $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 have sold a total of 697,291 shares of company stock valued at $86,141,880 over the last ninety days. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Trading Up 5.5%

MACOM Technology Solutions stock traded up $6.46 during trading on Monday, reaching $124.54. The company had a trading volume of 559,232 shares, compared to its average volume of 671,426. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The stock's 50 day moving average price is $103.46 and its two-hundred day moving average price is $120.88. The firm has a market capitalization of $9.26 billion, a price-to-earnings ratio of -86.38, a PEG ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

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 negative net margin of 13.05% and a positive return on equity of 12.42%. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same period in the previous year, the firm earned $0.59 earnings per share. MACOM Technology Solutions's revenue was up 30.2% compared to the same quarter last year. As a group, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently commented on MTSI. Truist Financial began coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective for the company. 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 report on Thursday, April 17th. Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their target price for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Bank of America dropped their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.91.

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.