EULAV Asset Management Purchases 12,000 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

EULAV Asset Management grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 16.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 87,046 shares of the semiconductor company's stock after buying an additional 12,000 shares during the period. EULAV Asset Management owned approximately 0.12% of MACOM Technology Solutions worth $8,738,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $35,000. GAMMA Investing LLC boosted its holdings in shares of MACOM Technology Solutions by 24.4% during the 1st quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock worth $146,000 after buying an additional 285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 18.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock worth $329,000 after buying an additional 502 shares in the last quarter. Oppenheimer Asset Management Inc. boosted its holdings in shares of MACOM Technology Solutions by 23.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock worth $1,395,000 after buying an additional 2,655 shares in the last quarter. Finally, State of Alaska Department of Revenue boosted its holdings in shares of MACOM Technology Solutions by 5.5% during the 1st quarter. State of Alaska Department of Revenue now owns 6,969 shares of the semiconductor company's stock worth $699,000 after buying an additional 365 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded up $2.48 during mid-day trading on Wednesday, hitting $139.85. 768,262 shares of the stock were exchanged, compared to its average volume of 668,086. 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 simple moving average of $127.97 and a 200 day simple moving average of $120.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. The company has a market capitalization of $10.40 billion, a P/E ratio of -114.63, a P/E/G ratio of 2.65 and a beta of 1.43.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its earnings results 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 negative net margin of 10.24% and a positive return on equity of 13.32%. The firm had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same quarter last year, the firm earned $0.59 EPS. The company's quarterly revenue was up 30.2% compared to the same quarter last year. Sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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 that occurred on Thursday, May 8th. The shares were 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 owned 30,659 shares in the company, valued at $3,635,850.81. This trade represents a 13.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total transaction of $282,712.50. Following the completion of the transaction, the chief financial officer owned 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 disclosure for this sale can be found here. Insiders have sold a total of 454,227 shares of company stock worth $56,118,317 over the last 90 days. Corporate insiders own 16.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday, May 9th. Bank of America increased their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Barclays increased their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus cut their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, BNP Paribas upgraded 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. 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 company's stock. According to MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average target price of $136.40.

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.