MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 156,073 shares of the semiconductor company's stock after purchasing an additional 6,536 shares during the period. Rhumbline Advisers owned 0.21% of MACOM Technology Solutions worth $15,667,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Elequin Capital LP acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $26,000. Versant Capital Management Inc raised its position in shares of MACOM Technology Solutions by 9,400.0% during the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 282 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions in the 4th quarter valued at $35,000. Finally, Smartleaf Asset Management LLC raised its holdings in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Down 2.1%

Shares of NASDAQ MTSI opened at $125.04 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The firm has a fifty day moving average of $110.60 and a 200-day moving average of $120.85. The stock has a market capitalization of $9.30 billion, a PE ratio of -86.83, a P/E/G ratio of 2.42 and a beta of 1.40. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The firm had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. During the same period in the prior year, the company earned $0.59 EPS. The firm's revenue was up 30.2% on a year-over-year basis. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MTSI. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Benchmark reiterated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Barclays boosted their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Truist Financial started coverage on MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target for the company. 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 stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $130.50.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Susan Ocampo sold 4,694 shares of the company's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $123.50, for a total value of $579,709.00. Following the completion of the transaction, the director now directly owns 4,223,070 shares of the company's stock, valued at $521,549,145. This represents a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the company's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $118.59, for a total transaction of $586,308.96. Following the completion of the transaction, the senior vice president now directly owns 30,659 shares of the company's stock, valued at approximately $3,635,850.81. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 446,847 shares of company stock valued at $55,117,051. Company insiders own 16.30% of the company's stock.

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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