MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings 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 fund owned 248,873 shares of the semiconductor company's stock after buying an additional 5,440 shares during the quarter. 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 reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Arizona State Retirement System raised its stake in shares of MACOM Technology Solutions by 5.3% in the first quarter. Arizona State Retirement System now owns 17,615 shares of the semiconductor company's stock worth $1,768,000 after purchasing an additional 883 shares during the last quarter. Xponance Inc. raised its stake in shares of MACOM Technology Solutions by 7.5% in the first quarter. Xponance Inc. now owns 7,021 shares of the semiconductor company's stock worth $705,000 after purchasing an additional 488 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of MACOM Technology Solutions by 3.6% in the first quarter. State of Michigan Retirement System now owns 14,200 shares of the semiconductor company's stock worth $1,425,000 after purchasing an additional 500 shares during the last quarter. Cerity Partners LLC raised its stake in shares of MACOM Technology Solutions by 29.9% in the first quarter. Cerity Partners LLC now owns 26,309 shares of the semiconductor company's stock worth $2,641,000 after purchasing an additional 6,062 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of MACOM Technology Solutions by 131.3% in the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 197 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

MTSI stock traded down $0.74 during trading on Friday, hitting $141.02. 57,681 shares of the company traded hands, compared to its average volume of 663,154. The stock's 50-day simple moving average is $130.98 and its 200 day simple moving average is $121.10. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86. The company has a market cap of $10.48 billion, a PE ratio of -115.56, a P/E/G ratio of 2.66 and a beta of 1.43. 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 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $230.04 million. During the same period last year, the company earned $0.59 earnings per share. MACOM Technology Solutions's quarterly revenue was up 30.2% compared to the same quarter last year. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total value 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen G. Daly sold 2,380 shares of the firm's stock in a transaction that occurred 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 directly 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 disclosure for this sale can be found here. Insiders sold 454,227 shares of company stock valued at $56,118,317 in the last 90 days. Corporate insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

MTSI has been the subject of several research analyst reports. Benchmark restated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Bank of America raised their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Barclays raised their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Truist Financial lifted their price target on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Finally, 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 research report on Wednesday, April 9th. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $139.90.

MACOM Technology Solutions 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.