Cerity Partners LLC Increases Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Cerity Partners LLC increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 29.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 26,309 shares of the semiconductor company's stock after buying an additional 6,062 shares during the quarter. Cerity Partners LLC's holdings in MACOM Technology Solutions were worth $2,641,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $8,630,000. HighTower Advisors LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $1,247,000. Avantax Advisory Services Inc. bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $229,000. Corient Private Wealth LLC grew its holdings in shares of MACOM Technology Solutions by 4.7% in the fourth quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company's stock valued at $394,000 after acquiring an additional 136 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of MACOM Technology Solutions by 8.3% in the fourth quarter. Signaturefd LLC now owns 2,211 shares of the semiconductor company's stock valued at $287,000 after acquiring an additional 169 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Price Performance

Shares of MTSI traded up $0.35 during midday trading on Friday, hitting $142.11. 343,026 shares of the company traded hands, compared to its average volume of 663,562. The firm has a 50 day moving average of $131.46 and a 200-day moving average of $121.12. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The stock has a market cap of $10.56 billion, a price-to-earnings ratio of -116.48, a PEG ratio of 2.74 and a beta of 1.43. 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 (NASDAQ:MTSI - Get Free Report) last announced 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. 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 during the quarter, compared to the consensus estimate of $230.04 million. During the same quarter last year, the firm earned $0.59 EPS. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 5,000 shares of MACOM Technology Solutions stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the completion of the sale, the senior vice president directly owned 15,680 shares in the company, valued at approximately $2,201,785.60. The trade was a 24.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on Thursday, May 29th. The stock was sold at an average price of $125.65, for a total transaction of $282,712.50. Following the sale, the chief financial officer owned 47,128 shares of the company's stock, valued at $5,921,633.20. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 454,227 shares of company stock valued at $56,118,317. 16.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on MTSI. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Benchmark reaffirmed a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Bank of America increased their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research report on Tuesday, June 24th. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Barclays raised their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $139.90.

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.