Cubist Systematic Strategies LLC Acquires 7,315 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Cubist Systematic Strategies LLC increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 16.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 52,318 shares of the semiconductor company's stock after purchasing an additional 7,315 shares during the quarter. Cubist Systematic Strategies LLC owned 0.07% of MACOM Technology Solutions worth $6,797,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its position in shares of MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after buying an additional 368,979 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in 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 acquiring an additional 1,120,510 shares during the period. Geode Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 0.7% during 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 last quarter. Norges Bank acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $82,833,000. Finally, Jennison Associates LLC lifted its holdings in shares of MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after purchasing an additional 2,646 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

MTSI stock traded up $4.53 during midday trading on Monday, hitting $122.61. The stock had a trading volume of 1,687,154 shares, compared to its average volume of 675,494. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The stock has a 50-day simple moving average of $103.46 and a 200 day simple moving average of $120.88. The firm has a market capitalization of $9.11 billion, a price-to-earnings ratio of -85.15, a P/E/G ratio of 2.42 and a beta of 1.36.

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

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Stifel Nicolaus reduced 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 note on Thursday, April 17th. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Barclays boosted their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $130.91.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the company's stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the sale, the senior vice president now directly owns 35,603 shares in the company, valued at $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 286,635 shares of MACOM Technology Solutions stock in a transaction on Friday, February 14th. The shares were sold at an average price of $123.31, for a total value of $35,344,961.85. Following the transaction, the director now directly owns 5,123,636 shares of the company's stock, valued at approximately $631,795,555.16. The trade was a 5.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 702,235 shares of company stock valued at $86,728,189. Corporate insiders own 16.30% of the company's stock.

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.