MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Bought by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 101,785 shares of the semiconductor company's stock after buying an additional 1,959 shares during the period. Retirement Systems of Alabama owned 0.14% of MACOM Technology Solutions worth $10,217,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the 1st quarter valued at about $25,000. Elequin Capital LP bought a new position in MACOM Technology Solutions during the 4th quarter valued at $26,000. Versant Capital Management Inc raised its stake in shares of MACOM Technology Solutions by 9,400.0% in the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 282 shares in the last quarter. Empowered Funds LLC bought a new position in MACOM Technology Solutions during the fourth quarter worth $33,000. Finally, SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $35,000. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Trading Up 2.0%

Shares of NASDAQ MTSI opened at $136.99 on Monday. 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 stock has a market cap of $10.18 billion, a price-to-earnings ratio of -112.29, a PEG ratio of 2.64 and a beta of 1.40. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The business has a 50 day simple moving average of $117.68 and a 200 day simple moving average of $120.47.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released 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. The company 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 firm's revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, research analysts predict 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 related news, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction dated 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 now directly owns 47,128 shares of the company's stock, valued at $5,921,633.20. This trade represents a 4.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Daly sold 2,380 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $125.70, for a total transaction of $299,166.00. Following the completion of the transaction, the chief executive officer now owns 24,573 shares of the company's stock, valued at $3,088,826.10. This trade represents a 8.83% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 449,227 shares of company stock worth $55,416,217. Company insiders own 16.30% of the company's stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Wednesday, April 9th. Barclays lifted their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Bank of America decreased their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus dropped their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Two 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $130.50.

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.

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