MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Position Increased by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC increased its position in MACOM Technology Solutions by 18.5%, holding 33,469 shares valued at approximately $3.36 million after buying more shares in the first quarter of the year.
• Several other institutional investors also added to their holdings, with Principal Financial Group increasing its stake by 3.2%, raising its ownership to 136,978 shares worth about $13.75 million.
• Wall Street analysts are optimistic, with multiple agencies raising their price targets for MACOM Technology Solutions, setting an average target price of $146.13 and maintaining a general "buy" rating on the stock.

Natixis Advisors LLC increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 18.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,469 shares of the semiconductor company's stock after acquiring an additional 5,221 shares during the quarter. Natixis Advisors LLC's holdings in MACOM Technology Solutions were worth $3,360,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position 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 acquiring an additional 1,120,510 shares during the last quarter. GW&K Investment Management LLC lifted its position in MACOM Technology Solutions by 9.9% during the first quarter. GW&K Investment Management LLC now owns 1,275,048 shares of the semiconductor company's stock valued at $127,990,000 after buying an additional 114,780 shares in the last quarter. Geode Capital Management LLC lifted its position in MACOM Technology Solutions by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after buying an additional 6,784 shares in the last quarter. Millennium Management LLC lifted its position in 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 buying an additional 109,529 shares in the last quarter. Finally, Jennison Associates LLC lifted its position in MACOM Technology Solutions by 18.4% during the first quarter. Jennison Associates LLC now owns 630,406 shares of the semiconductor company's stock valued at $63,280,000 after buying an additional 97,943 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Stock Down 5.3%

Shares of NASDAQ MTSI traded down $6.81 during trading on Friday, reaching $120.94. 2,150,976 shares of the stock were exchanged, compared to its average volume of 606,928. The business's 50-day moving average price is $135.64 and its 200 day moving average price is $120.88. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The company has a quick ratio of 2.86, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $8.99 billion, a price-to-earnings ratio of -119.74, a price-to-earnings-growth ratio of 2.33 and a beta of 1.38.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its earnings results on Thursday, August 7th. The semiconductor company reported $0.90 EPS for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The business had revenue of $252.08 million for the quarter, compared to analysts' expectations of $249.89 million. During the same period in the previous year, the company posted $0.66 earnings per share. The business's revenue for the quarter was up 32.3% compared to the same quarter last year. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on MTSI. Truist Financial lifted their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Bank of America lifted their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Barclays lifted their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Finally, Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, July 18th. One analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, MACOM Technology Solutions currently has an average rating of "Buy" and an average target price of $146.13.

Insiders Place Their Bets

In related news, CEO Stephen G. Daly sold 2,380 shares of MACOM Technology Solutions stock in a transaction on Friday, June 6th. The shares were sold at an average price of $125.70, for a total value of $299,166.00. Following the completion of the sale, the chief executive officer owned 24,573 shares in the company, valued at approximately $3,088,826.10. The trade was a 8.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Robert Dennehy sold 5,000 shares of MACOM Technology Solutions stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total transaction of $702,100.00. Following the completion of the sale, the senior vice president 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 disclosure for this sale can be found here. In the last quarter, insiders have sold 447,812 shares of company stock valued at $55,571,908. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Company Profile

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.