MQS Management LLC Makes New Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

MQS Management LLC purchased a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 2,635 shares of the semiconductor company's stock, valued at approximately $265,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake 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 worth $846,656,000 after purchasing an additional 368,979 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings 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 valued at $519,399,000 after buying an additional 1,120,510 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of MACOM Technology Solutions by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after acquiring an additional 6,784 shares during the period. Millennium Management LLC lifted its position in shares of MACOM Technology Solutions by 14.8% in the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock worth $110,513,000 after acquiring an additional 109,529 shares during the period. Finally, Norges Bank bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $82,833,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Up 0.0%

Shares of NASDAQ MTSI traded up $0.05 during midday trading on Friday, hitting $141.81. The stock had a trading volume of 168,737 shares, compared to its average volume of 663,590. The company's 50-day simple moving average is $130.98 and its 200 day simple moving average is $121.10. The firm has a market cap of $10.54 billion, a P/E ratio of -116.24, a price-to-earnings-growth ratio of 2.66 and a beta of 1.43. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 104,449 shares of MACOM Technology Solutions stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $123.98, for a total transaction of $12,949,587.02. Following the completion of the sale, the director directly owned 4,118,621 shares of the company's stock, valued at $510,626,631.58. The trade was a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $125.65, for a total value of $282,712.50. Following the sale, the chief financial officer directly owned 47,128 shares of the company's stock, valued at approximately $5,921,633.20. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 454,227 shares of company stock worth $56,118,317. 16.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research firms recently commented on MTSI. Stifel Nicolaus raised their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday. Barclays raised their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Bank of America lifted their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Finally, Wall Street Zen downgraded MACOM Technology Solutions from a "buy" rating to a "hold" rating in a research report on Saturday, July 12th. Three research analysts have rated the stock with a hold rating, eight have assigned 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 presently has an average rating of "Moderate Buy" and a consensus price target of $139.90.

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.