Massachusetts Financial Services Co. MA Acquires 24,691 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Massachusetts Financial Services Co. MA boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 10.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 265,318 shares of the semiconductor company's stock after acquiring an additional 24,691 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.36% of MACOM Technology Solutions worth $26,633,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MTSI. Principal Financial Group Inc. raised its position in shares of MACOM Technology Solutions by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock worth $13,750,000 after acquiring an additional 4,249 shares in the last quarter. OneDigital Investment Advisors LLC boosted its stake in shares of MACOM Technology Solutions by 27.0% in the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock valued at $242,000 after buying an additional 511 shares in the last quarter. GAMMA Investing LLC boosted its position in MACOM Technology Solutions by 24.4% during the first quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock worth $146,000 after purchasing an additional 285 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of MACOM Technology Solutions by 18.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock worth $329,000 after acquiring an additional 502 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its holdings in shares of MACOM Technology Solutions by 23.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock worth $1,395,000 after acquiring an additional 2,655 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded up $0.35 during trading on Friday, reaching $142.11. The company's stock had a trading volume of 343,026 shares, compared to its average volume of 663,562. 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 business's fifty day moving average price is $131.46 and its 200-day moving average price is $121.12. The firm has a market cap of $10.56 billion, a price-to-earnings ratio of -116.48, a price-to-earnings-growth ratio of 2.74 and a beta of 1.43. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The business had revenue of $235.89 million for the quarter, compared to analyst estimates 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 for the quarter was up 30.2% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. As a group, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MTSI shares. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report 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 on the stock in a research report on Wednesday, April 9th. Barclays lifted 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. Finally, Stifel Nicolaus raised their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $139.90.

Insider Activity

In related news, CEO Stephen G. Daly sold 14,665 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $122.71, for a total transaction of $1,799,542.15. Following the transaction, the chief executive officer directly owned 36,327 shares in the company, valued at $4,457,686.17. The trade was a 28.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $123.58, for a total value of $37,074,000.00. Following the transaction, the director owned 4,377,764 shares in the company, valued at $541,004,075.12. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 454,227 shares of company stock valued at $56,118,317. Corporate 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.