Sowell Financial Services LLC Purchases Shares of 2,055 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Sowell Financial Services LLC acquired a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,055 shares of the semiconductor company's stock, valued at approximately $206,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MTSI. Price T Rowe Associates Inc. MD lifted its stake in shares of MACOM Technology Solutions by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after purchasing an additional 1,120,510 shares during the period. Norges Bank purchased a new position in MACOM Technology Solutions in the fourth quarter valued at $82,833,000. Vanguard Group Inc. raised its position in shares of MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after acquiring an additional 368,979 shares during the period. Massachusetts Financial Services Co. MA acquired a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $31,260,000. Finally, Nuveen Asset Management LLC boosted its stake in shares of MACOM Technology Solutions by 129.4% during the 4th quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock worth $42,621,000 after acquiring an additional 185,075 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Trading Up 2.0%

Shares of MTSI stock opened at $136.99 on Monday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. 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 stock's fifty day moving average is $117.68 and its two-hundred day moving average is $120.47. The firm has a market capitalization of $10.18 billion, a P/E ratio of -112.29, a PEG ratio of 2.64 and a beta of 1.40.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $235.89 million during the quarter, compared to analysts' expectations 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 revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.59 EPS. Research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MTSI shares. 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 note on Wednesday, April 9th. Truist Financial assumed coverage on MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective on the stock. Bank of America cut their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Benchmark reiterated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Finally, Stifel Nicolaus dropped their price target on shares of 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. Two equities research 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 company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $130.50.

Insider Activity

In related news, CEO Stephen G. Daly sold 14,665 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $122.71, for a total value of $1,799,542.15. Following the completion of the sale, the chief executive officer now owns 36,327 shares of the company's stock, valued at approximately $4,457,686.17. This represents a 28.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 300,000 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the sale, the director now owns 4,377,764 shares of the company's stock, valued at approximately $541,004,075.12. The trade was a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 449,227 shares of company stock worth $55,416,217 over the last ninety days. Corporate insiders own 16.30% of the company's stock.

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.

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