New York State Common Retirement Fund Purchases 5,440 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

New York State Common Retirement Fund grew its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 2.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 248,873 shares of the semiconductor company's stock after acquiring an additional 5,440 shares during the period. New York State Common Retirement Fund owned about 0.33% of MACOM Technology Solutions worth $24,982,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Elequin Capital LP purchased a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the 1st quarter worth approximately $25,000. Versant Capital Management Inc lifted its holdings in 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 buying an additional 282 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $42,000. Finally, Allworth Financial LP increased its position in shares of MACOM Technology Solutions by 131.3% in the 1st quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 197 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on MTSI shares. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a report on Friday. 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. Barclays boosted their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Wall Street Zen lowered shares of MACOM Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research report on Wednesday, April 9th. Three analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $139.90.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $123.58, for a total value of $37,074,000.00. Following the sale, the director owned 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 legal filing with the SEC, which is accessible through this link. Also, CFO John Kober sold 2,250 shares of the business's stock in a transaction that occurred on Thursday, May 29th. The shares were 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 $5,921,633.20. The trade was a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 454,227 shares of company stock worth $56,118,317 over the last three months. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded up $0.35 during midday trading on Friday, hitting $142.11. The company had a trading volume of 343,026 shares, compared to its average volume of 663,037. The business's 50 day simple moving average is $131.46 and its two-hundred day simple moving average is $121.19. The stock has a market cap of $10.56 billion, a PE ratio of -116.48, a P/E/G ratio of 2.73 and a beta of 1.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The company had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. During the same period last year, the business earned $0.59 earnings per share. The business's revenue was up 30.2% on a year-over-year basis. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.