Universal Beteiligungs und Servicegesellschaft mbH Buys Shares of 32,634 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,634 shares of the semiconductor company's stock, valued at approximately $3,276,000.

Other large investors have also made changes to their positions in the company. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 1st quarter worth $25,000. Elequin Capital LP purchased a new position in MACOM Technology Solutions in the fourth quarter valued at about $26,000. Versant Capital Management Inc lifted its stake in shares of MACOM Technology Solutions by 9,400.0% during the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 282 shares in the last quarter. Allworth Financial LP lifted its stake in shares of MACOM Technology Solutions by 131.3% during the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 197 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of MACOM Technology Solutions by 182.7% during the first quarter. UMB Bank n.a. now owns 670 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 433 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Down 0.6%

Shares of NASDAQ MTSI traded down $0.81 during midday trading on Friday, reaching $136.34. 231,464 shares of the company's stock were exchanged, compared to its average volume of 739,267. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. The stock has a market capitalization of $10.14 billion, a PE ratio of -111.70, a price-to-earnings-growth ratio of 2.70 and a beta of 1.43. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The business's fifty day moving average price is $134.30 and its two-hundred day moving average price is $121.47.

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 for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. MACOM Technology Solutions's quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 earnings per share. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 104,449 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $123.98, for a total value 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 filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Robert Dennehy sold 5,000 shares of the business's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total value of $702,100.00. Following the completion of the sale, the senior vice president directly owned 15,680 shares of the company's stock, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 452,756 shares of company stock valued at $56,158,217 over the last 90 days. Corporate insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have commented on MTSI shares. Truist Financial boosted their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Benchmark restated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Finally, Bank of America boosted their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $139.90.

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.