D. E. Shaw & Co. Inc. Grows Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

D. E. Shaw & Co. Inc. boosted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 37.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 163,565 shares of the semiconductor company's stock after acquiring an additional 44,381 shares during the period. D. E. Shaw & Co. Inc. owned 0.22% of MACOM Technology Solutions worth $21,249,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at about $35,000. Charles Schwab Investment Management Inc. increased its position in shares of MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after buying an additional 1,719 shares during the period. Assenagon Asset Management S.A. increased its position in shares of MACOM Technology Solutions by 22.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock valued at $12,756,000 after buying an additional 18,055 shares during the period. Smartleaf Asset Management LLC increased its position in shares of MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after buying an additional 138 shares during the period. Finally, Covea Finance increased its position in shares of MACOM Technology Solutions by 8.0% during the fourth quarter. Covea Finance now owns 27,000 shares of the semiconductor company's stock valued at $3,508,000 after buying an additional 2,000 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total value of $37,239,000.00. Following the completion of the transaction, the director now directly owns 4,823,636 shares in the company, valued at $598,757,936.68. This represents a 5.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction that occurred 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 sale, the senior vice president now owns 35,603 shares in the company, valued at approximately $3,560,300. The trade was a 15.38% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 708,944 shares of company stock valued at $87,647,791. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Down 0.4%

MTSI traded down $0.55 during trading on Friday, reaching $121.99. The stock had a trading volume of 558,698 shares, compared to its average volume of 679,915. The stock's 50 day moving average is $105.00 and its two-hundred day moving average is $120.95. 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 company has a market capitalization of $9.07 billion, a price-to-earnings ratio of -84.71, a P/E/G ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50.

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, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The company had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same period last year, the firm posted $0.59 earnings per share. MACOM Technology Solutions's revenue was up 30.2% compared to the same quarter last year. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analyst Weigh In

MTSI has been the topic of several research analyst reports. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective on the stock. 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 research report on Wednesday, April 9th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark restated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Finally, Stifel Nicolaus cut their target price on 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 equities 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's stock. According to data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of "Moderate Buy" and an average price target of $130.50.

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.