Advisor Resource Council Invests $633,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Advisor Resource Council bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,591 shares of the semiconductor company's stock, valued at approximately $633,000.

A number of other large investors have also modified their holdings of MTSI. Price T Rowe Associates Inc. MD grew its holdings in MACOM Technology Solutions by 38.9% during 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 purchasing an additional 1,120,510 shares in the last quarter. Norges Bank bought a new position in MACOM Technology Solutions during the fourth quarter worth $82,833,000. Vanguard Group Inc. increased its stake in MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after purchasing an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $31,260,000. Finally, Nuveen Asset Management LLC lifted its holdings in MACOM Technology Solutions by 129.4% in the fourth quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock worth $42,621,000 after acquiring an additional 185,075 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI traded up $1.66 on Monday, hitting $138.65. The company's stock had a trading volume of 734,447 shares, compared to its average volume of 695,129. The stock's 50-day moving average is $117.68 and its two-hundred day moving average is $120.47. The company has a market capitalization of $10.31 billion, a price-to-earnings ratio of -113.65, a price-to-earnings-growth ratio of 2.64 and a beta of 1.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate 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 firm's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.59 earnings per share. On average, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of research reports. Bank of America dropped their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Benchmark reaffirmed a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Truist Financial assumed coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 target price on the stock. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Finally, Stifel Nicolaus dropped their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.50.

Insider Activity

In other news, CFO John Kober sold 2,250 shares of the company's stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $125.65, for a total transaction of $282,712.50. Following the completion of the sale, the chief financial officer now directly owns 47,128 shares of the company's stock, valued at $5,921,633.20. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total value of $586,308.96. Following the completion of the transaction, the senior vice president now owns 30,659 shares of the company's stock, valued at $3,635,850.81. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 449,227 shares of company stock worth $55,416,217. Corporate insiders own 16.30% of the company's stock.

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.