Advisor Resource Council Acquires New Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Advisor Resource Council purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 6,591 shares of the semiconductor company's stock, valued at approximately $633,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of MTSI. SBI Securities Co. Ltd. purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $35,000. Charles Schwab Investment Management Inc. boosted its stake in 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 last quarter. Smartleaf Asset Management LLC boosted its stake in 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 last quarter. Wedmont Private Capital purchased a new position in MACOM Technology Solutions during the 1st quarter valued at approximately $202,000. Finally, Sowell Financial Services LLC bought a new stake in MACOM Technology Solutions in the 1st quarter worth approximately $206,000. 76.14% of the stock is currently owned by institutional investors.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 4,694 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $123.50, for a total value of $579,709.00. Following the completion of the sale, the director now directly owns 4,223,070 shares in the company, valued at approximately $521,549,145. This represents a 0.11% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the transaction, the senior vice president now owns 35,603 shares in the company, valued at approximately $3,560,300. This represents a 15.38% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 449,227 shares of company stock valued at $55,416,217. 16.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently commented on MTSI. Barclays increased their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Truist Financial started coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 price objective for the company. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a report on Wednesday, April 9th. Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Finally, Stifel Nicolaus dropped their price target 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. Two 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 stock. According to MarketBeat, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $133.50.

MACOM Technology Solutions Trading Down 0.5%

MACOM Technology Solutions stock traded down $0.67 during midday trading on Wednesday, reaching $139.17. The stock had a trading volume of 667,977 shares, compared to its average volume of 695,268. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. The firm has a market cap of $10.35 billion, a price-to-earnings ratio of -114.07, a price-to-earnings-growth ratio of 2.70 and a beta of 1.40. 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 fifty day moving average of $119.27 and a 200 day moving average of $120.60.

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

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.