ORG Wealth Partners LLC Has $442,000 Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

ORG Wealth Partners LLC increased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 1,462.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,359 shares of the semiconductor company's stock after buying 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 reporting period.

A number of other large investors have also added to or reduced their stakes in MTSI. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $33,000. Blue Trust Inc. grew its position in MACOM Technology Solutions by 122.2% during the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock worth $62,000 after buying an additional 264 shares in the last quarter. CIBC Asset Management Inc grew its position in MACOM Technology Solutions by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after buying an additional 112 shares in the last quarter. Venturi Wealth Management LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $160,000. Finally, Arcadia Investment Management Corp MI acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $149,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MTSI shares. Stifel Nicolaus decreased their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 9th. Bank of America decreased their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Truist Financial started coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 price target on the stock. Finally, Barclays lifted their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and a consensus price target of $130.50.

MACOM Technology Solutions Stock Up 2.8%

Shares of MTSI opened at $134.32 on Thursday. The company has a market capitalization of $9.99 billion, a PE ratio of -110.10, a PEG ratio of 2.52 and a beta of 1.40. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The stock's 50-day moving average price is $116.19 and its two-hundred day moving average price is $120.79. The company has a current ratio of 3.56, a quick ratio of 2.86 and a debt-to-equity ratio of 0.31.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The business's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Stephen G. Daly sold 14,665 shares of the business's stock in a transaction dated Monday, June 2nd. The stock was sold at an average price of $122.71, for a total value of $1,799,542.15. Following the transaction, the chief executive officer now directly owns 36,327 shares of the company's stock, valued at $4,457,686.17. The trade was a 28.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the transaction, the senior vice president now directly owns 35,603 shares in the company, valued at $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 449,227 shares of company stock valued at $55,416,217. 16.30% of the stock is currently owned by company insiders.

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.

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