Azzad Asset Management Inc. ADV Makes New $582,000 Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Azzad Asset Management Inc. ADV purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,802 shares of the semiconductor company's stock, valued at approximately $582,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTSI. Elequin Capital LP bought a new position in MACOM Technology Solutions in the 4th quarter worth about $26,000. Versant Capital Management Inc raised its stake in MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 282 shares in the last quarter. Empowered Funds LLC bought a new stake in MACOM Technology Solutions during the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new position in MACOM Technology Solutions in the 4th quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 300,000 shares of the firm's stock in a transaction on 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 owns 4,377,764 shares of the company's stock, valued at $541,004,075.12. This trade represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen G. Daly sold 2,380 shares of MACOM Technology Solutions stock in a transaction on Friday, June 6th. The shares were sold at an average price of $125.70, for a total transaction of $299,166.00. Following the completion of the sale, the chief executive officer now owns 24,573 shares in the company, valued at approximately $3,088,826.10. This trade represents a 8.83% 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 worth $55,416,217. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Trading Down 0.4%

MACOM Technology Solutions stock traded down $0.46 during trading hours on Tuesday, reaching $130.72. The company had a trading volume of 595,732 shares, compared to its average volume of 690,561. 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 Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The company has a 50-day moving average price of $115.16 and a 200 day moving average price of $120.62. The firm has a market cap of $9.72 billion, a price-to-earnings ratio of 64.62, a P/E/G ratio of 2.53 and a beta of 1.40.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on MTSI. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. 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 note on Wednesday, April 9th. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 price objective on the stock. Stifel Nicolaus dropped their target price 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. Finally, Bank of America cut their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average price target of $130.50.

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.