MACOM Technology Solutions Holdings, Inc. $MTSI Position Boosted by Algert Global LLC

Key Points

• Algert Global LLC increased its stake in MACOM Technology Solutions Holdings, Inc. by 26.1% during the first quarter, demonstrating growing institutional interest in the semiconductor company.
• MACOM Technology Solutions reported $0.90 EPS for the quarter, slightly surpassing analysts' expectations and reflecting a 32.3% increase in quarterly revenue year-over-year.
• Several analysts have upgraded their ratings for MACOM, with price targets ranging from $155.00 to $160.00, indicating positive market sentiment towards the company's future performance.

Algert Global LLC raised its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 26.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,658 shares of the semiconductor company's stock after acquiring an additional 13,178 shares during the quarter. Algert Global LLC owned approximately 0.09% of MACOM Technology Solutions worth $6,390,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of MTSI. Price T Rowe Associates Inc. MD grew its stake 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 acquiring an additional 1,120,510 shares in the last quarter. Nuveen LLC bought a new stake in shares of MACOM Technology Solutions in the 1st quarter valued at approximately $23,767,000. Nuveen Asset Management LLC grew its stake in shares of MACOM Technology Solutions by 129.4% in the 4th quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock valued at $42,621,000 after buying an additional 185,075 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of MACOM Technology Solutions by 12,383.2% in the 1st quarter. GAMMA Investing LLC now owns 146,053 shares of the semiconductor company's stock valued at $14,661,000 after buying an additional 144,883 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $18,362,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Down 1.8%

Shares of MTSI stock opened at $123.09 on Monday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The firm has a market cap of $9.17 billion, a PE ratio of -121.87, a price-to-earnings-growth ratio of 2.32 and a beta of 1.38. The stock has a 50 day moving average of $135.39 and a 200-day moving average of $120.50. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $252.08 million during the quarter, compared to analysts' expectations of $249.89 million. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The business's quarterly revenue was up 32.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.66 EPS. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented 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 research note on Friday, July 18th. Truist Financial boosted their price target 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. Bank of America boosted their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Wall Street Zen raised MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of "Buy" and a consensus price target of $146.13.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total transaction of $687,000.00. Following the completion of the transaction, the senior vice president directly owned 30,779 shares in the company, valued at $4,229,034.60. This represents a 13.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 104,449 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $123.98, for a total transaction of $12,949,587.02. Following the transaction, the director owned 4,118,621 shares of the company's stock, valued at approximately $510,626,631.58. The trade was a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,118 shares of company stock worth $18,041,599. Corporate insiders own 16.30% of the company's stock.

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.

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