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Retirement Systems of Alabama Has $10.22 Million Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

MACOM Technology Solutions logo with Computer and Technology background

Retirement Systems of Alabama grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F 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 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MTSI. Vanguard Group Inc. increased its position in MACOM Technology Solutions by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after acquiring an additional 368,979 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after purchasing an additional 1,120,510 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of MACOM Technology Solutions by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after purchasing an additional 6,784 shares in the last quarter. Millennium Management LLC increased its holdings in shares of MACOM Technology Solutions by 14.8% during the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after purchasing an additional 109,529 shares during the period. Finally, Norges Bank bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at about $82,833,000. Institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Benchmark reiterated a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Stifel Nicolaus reduced their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Barclays raised their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Wednesday, April 9th. Finally, Bank of America increased 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. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $133.50.

Read Our Latest Report on MACOM Technology Solutions

MACOM Technology Solutions Price Performance

MTSI stock traded up $3.06 on Thursday, hitting $142.23. 499,567 shares of the company's stock traded hands, compared to its average volume of 694,311. The stock has a market cap of $10.57 billion, a price-to-earnings ratio of -116.58, a P/E/G ratio of 2.68 and a beta of 1.40. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a current ratio of 3.56, a quick ratio of 2.86 and a debt-to-equity ratio of 0.31. The stock has a fifty day moving average of $121.01 and a 200-day moving average of $120.76.

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, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million for the quarter, compared to analysts' expectations 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 earned $0.59 earnings per share. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the transaction, the director now directly owns 4,377,764 shares in the company, valued at approximately $541,004,075.12. The trade was a 6.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the business's stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the sale, the senior vice president now directly owns 35,603 shares in the company, valued at approximately $3,560,300. This trade represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 454,227 shares of company stock valued at $56,118,317 over the last three months. Insiders own 16.30% of the company's stock.

About MACOM Technology Solutions

(Free Report)

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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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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