ORG Wealth Partners LLC Increases Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

ORG Wealth Partners LLC raised its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 1,462.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,359 shares of the semiconductor company's stock after acquiring an additional 4,080 shares during the quarter. ORG Wealth Partners LLC's holdings in MACOM Technology Solutions were worth $442,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions in the fourth quarter worth about $26,000. Opal Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions in the 1st quarter worth approximately $25,000. Empowered Funds LLC purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC lifted its holdings in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after buying an additional 138 shares during the period. 76.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays increased their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus decreased their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Bank of America decreased their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Truist Financial started 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, Benchmark restated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $130.50.

MACOM Technology Solutions Stock Up 2.0%

Shares of MACOM Technology Solutions stock traded up $2.67 during trading on Friday, hitting $136.99. The company's stock had a trading volume of 1,447,399 shares, compared to its average volume of 694,971. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. The company has a fifty day simple moving average of $117.68 and a two-hundred day simple moving average of $120.59. The company has a market capitalization of $10.18 billion, a PE ratio of -112.29, a P/E/G ratio of 2.64 and a beta of 1.40. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week 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, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. MACOM Technology Solutions's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the business earned $0.59 EPS. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the firm's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $125.65, for a total transaction of $282,712.50. Following the completion of the sale, the chief financial officer now directly owns 47,128 shares in the company, valued at approximately $5,921,633.20. This trade represents a 4.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the sale, the senior vice president now owns 35,603 shares of the company's stock, valued at approximately $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 449,227 shares of company stock worth $55,416,217 in the last three months. 16.30% of the stock is owned by corporate insiders.

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.