Voloridge Investment Management LLC Invests $5.76 Million in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Voloridge Investment Management LLC purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 44,341 shares of the semiconductor company's stock, valued at approximately $5,760,000. Voloridge Investment Management LLC owned 0.06% of MACOM Technology Solutions as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its position in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares during the period. Blue Trust Inc. lifted its position in MACOM Technology Solutions by 122.2% during the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock valued at $62,000 after buying an additional 264 shares during the period. Jennison Associates LLC lifted its position in MACOM Technology Solutions by 0.5% during the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock valued at $69,172,000 after buying an additional 2,646 shares during the period. Retirement Systems of Alabama lifted its position in MACOM Technology Solutions by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 99,826 shares of the semiconductor company's stock valued at $12,968,000 after buying an additional 271 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in MACOM Technology Solutions by 11.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,778 shares of the semiconductor company's stock valued at $361,000 after buying an additional 286 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $2.33 during trading hours on Friday, hitting $121.17. The company's stock had a trading volume of 525,374 shares, compared to its average volume of 684,112. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The company's 50 day simple moving average is $108.14 and its two-hundred day simple moving average is $120.82. The company has a market cap of $9.01 billion, a P/E ratio of -84.15, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

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 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 during the quarter, compared to the consensus estimate of $230.04 million. During the same period last year, the company earned $0.59 EPS. MACOM Technology Solutions's revenue for the quarter was up 30.2% on a year-over-year basis. As a group, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTSI has been the subject of several recent research reports. Stifel Nicolaus lowered their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Bank of America lowered their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research report on Wednesday, April 9th. Two 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $130.50.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $123.58, for a total value of $37,074,000.00. Following the completion of the sale, the director now directly owns 4,377,764 shares in the company, valued at approximately $541,004,075.12. This trade represents a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president now owns 35,603 shares of the company's stock, valued at $3,560,300. The trade was a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 420,558 shares of company stock worth $51,836,705. 16.30% of the stock is owned by corporate insiders.

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.