Nuveen Asset Management LLC Boosts Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Nuveen Asset Management LLC boosted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 129.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 328,081 shares of the semiconductor company's stock after acquiring an additional 185,075 shares during the quarter. Nuveen Asset Management LLC owned about 0.44% of MACOM Technology Solutions worth $42,621,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of MTSI. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at about $35,000. Charles Schwab Investment Management Inc. increased its holdings in shares of MACOM Technology Solutions by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after acquiring an additional 1,719 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. Perpetual Ltd bought a new position in MACOM Technology Solutions during the 4th quarter worth $361,000. Finally, HighTower Advisors LLC bought a new position in MACOM Technology Solutions during the 4th quarter worth $1,247,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. 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 report on Friday, May 9th. Bank of America cut their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark restated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $130.50.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 4,694 shares of the firm's stock in a transaction on Friday, May 16th. The shares were sold at an average price of $123.50, for a total value of $579,709.00. Following the sale, the director now directly owns 4,223,070 shares in the company, valued at $521,549,145. This trade represents a 0.11% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the business's stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total transaction of $647,100.00. Following the sale, the senior vice president now directly owns 35,603 shares of the company's stock, valued at approximately $3,560,300. This trade represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 420,560 shares of company stock valued at $51,836,937. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded up $0.09 during trading hours on Friday, hitting $121.63. 429,025 shares of the stock traded hands, compared to its average volume of 684,278. The stock has a market capitalization of $9.04 billion, a price-to-earnings ratio of -84.47, a P/E/G ratio of 2.42 and a beta of 1.36. The firm's 50 day moving average price is $106.90 and its 200-day moving average price is $121.10. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. 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 results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The firm had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm's revenue for the quarter was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.59 EPS. As a group, equities analysts expect 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.