EULAV Asset Management Grows Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

EULAV Asset Management lifted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 16.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,046 shares of the semiconductor company's stock after acquiring an additional 12,000 shares during the quarter. EULAV Asset Management owned approximately 0.12% of MACOM Technology Solutions worth $8,738,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in MTSI. Envestnet Asset Management Inc. grew its stake in MACOM Technology Solutions by 11.5% in the first quarter. Envestnet Asset Management Inc. now owns 98,208 shares of the semiconductor company's stock valued at $9,858,000 after acquiring an additional 10,137 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in MACOM Technology Solutions by 27.0% during the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock worth $242,000 after acquiring an additional 511 shares during the period. Principal Financial Group Inc. grew its position in shares of MACOM Technology Solutions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock valued at $13,750,000 after acquiring an additional 4,249 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of MACOM Technology Solutions by 3.0% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 12,143 shares of the semiconductor company's stock valued at $1,219,000 after acquiring an additional 350 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of MACOM Technology Solutions by 4.5% in the first quarter. New York State Teachers Retirement System now owns 9,226 shares of the semiconductor company's stock valued at $926,000 after buying an additional 400 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $125.65, for a total value of $282,712.50. Following the completion of the sale, the chief financial officer owned 47,128 shares in the company, valued at approximately $5,921,633.20. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president owned 35,603 shares of the company's stock, valued at approximately $3,560,300. This trade represents a 15.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold 454,227 shares of company stock worth $56,118,317 over the last quarter. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Trading Down 1.9%

MTSI traded down $2.66 on Thursday, hitting $137.19. 477,374 shares of the company were exchanged, compared to its average volume of 667,326. The firm has a fifty day simple moving average of $127.97 and a two-hundred 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. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The stock has a market capitalization of $10.20 billion, a PE ratio of -112.45, a price-to-earnings-growth ratio of 2.65 and a beta of 1.43.

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTSI. Truist Financial boosted 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. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th. Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. Bank of America raised their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Finally, Stifel Nicolaus lowered their price target 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. Two equities research 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's stock. According to data from MarketBeat, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and a consensus 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.