CenterBook Partners LP Buys Shares of 4,217 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

CenterBook Partners LP acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the first quarter, according to the company in its most recent filing with the SEC. The firm acquired 4,217 shares of the semiconductor company's stock, valued at approximately $423,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of MACOM Technology Solutions by 2.0% in the first quarter. Vanguard Group Inc. now owns 6,646,452 shares of the semiconductor company's stock worth $667,171,000 after acquiring an additional 129,201 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position 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 worth $519,399,000 after acquiring an additional 1,120,510 shares in the last quarter. GW&K Investment Management LLC raised its position in shares of MACOM Technology Solutions by 9.9% in the 1st quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company's stock valued at $127,990,000 after purchasing an additional 114,780 shares in the last quarter. Geode Capital Management LLC raised its position in shares of MACOM Technology Solutions by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after purchasing an additional 6,784 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of MACOM Technology Solutions by 14.8% in the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after purchasing an additional 109,529 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Trading Up 0.2%

Shares of NASDAQ MTSI traded up $0.35 during mid-day trading on Friday, hitting $142.11. 343,026 shares of the company traded hands, compared to its average volume of 663,037. The business has a 50 day moving average of $131.46 and a two-hundred day moving average of $121.19. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of -116.48, a PEG ratio of 2.73 and a beta of 1.43. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50.

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 (EPS) for the quarter, topping the consensus estimate 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 business's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.59 EPS. On average, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MTSI. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a report on Friday. 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. Barclays increased their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Bank of America raised their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Truist Financial raised their target price on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Three investment 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 company. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $139.90.

Insider Activity at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $118.59, for a total transaction of $586,308.96. Following the completion of the sale, the senior vice president directly owned 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 104,449 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $123.98, for a total value of $12,949,587.02. Following the transaction, the director directly owned 4,118,621 shares in the company, valued at approximately $510,626,631.58. This represents a 2.47% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 454,227 shares of company stock worth $56,118,317. 16.30% of the stock is currently 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.