MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 11.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 106,060 shares of the semiconductor company's stock after purchasing an additional 10,895 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.14% of MACOM Technology Solutions worth $10,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at $35,000. Oppenheimer Asset Management Inc. grew its stake 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 valued at $1,395,000 after buying an additional 2,655 shares in the last quarter. State of Alaska Department of Revenue increased its stake in shares of MACOM Technology Solutions by 5.5% during the 1st quarter. State of Alaska Department of Revenue now owns 6,969 shares of the semiconductor company's stock worth $699,000 after purchasing an additional 365 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after buying an additional 1,719 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Up 1.0%

MACOM Technology Solutions stock traded up $1.39 during mid-day trading on Friday, hitting $141.20. The company had a trading volume of 428,144 shares, compared to its average volume of 669,999. The company has a market capitalization of $10.50 billion, a PE ratio of -115.73, a price-to-earnings-growth ratio of 2.71 and a beta of 1.43. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month 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's 50 day moving average price is $125.88 and its two-hundred day moving average price is $120.88.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts' expectations of $230.04 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business's quarterly revenue was up 30.2% on a year-over-year basis. As a group, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 5,000 shares of the stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total transaction of $702,100.00. Following the sale, the senior vice president directly owned 15,680 shares of the company's stock, valued at approximately $2,201,785.60. This trade represents a 24.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kober sold 2,250 shares of the company's stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $125.65, for a total value of $282,712.50. Following the completion of the sale, the chief financial officer owned 47,128 shares in the company, valued at approximately $5,921,633.20. This represents a 4.56% decrease in their position. 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.

Analysts Set New Price Targets

MTSI has been the topic of a number of recent research reports. Bank of America raised their price target on shares of 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 reduced their price objective 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. 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. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective for the company. Finally, Barclays raised their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $133.50.

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.