Squarepoint Ops LLC Invests $6.08 Million in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Squarepoint Ops LLC purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 46,776 shares of the semiconductor company's stock, valued at approximately $6,077,000. Squarepoint Ops LLC owned 0.06% of MACOM Technology Solutions at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Vanguard Group Inc. raised its position in MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after buying an additional 368,979 shares during the period. Price T Rowe Associates Inc. MD raised its position in MACOM Technology Solutions by 38.9% during the fourth 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 buying an additional 1,120,510 shares during the period. Geode Capital Management LLC raised its position in MACOM Technology Solutions by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after buying an additional 6,784 shares during the period. Millennium Management LLC increased its position in MACOM Technology Solutions by 14.8% in the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock worth $110,513,000 after purchasing an additional 109,529 shares during the last quarter. Finally, Norges Bank acquired a new position in MACOM Technology Solutions in the 4th quarter worth about $82,833,000. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Down 1.1%

Shares of MTSI traded down $1.33 during trading hours on Friday, hitting $122.17. 135,206 shares of the company were exchanged, compared to its average volume of 681,940. The company has a market cap of $9.08 billion, a PE ratio of -84.79, a PEG ratio of 2.42 and a beta of 1.36. The firm's 50 day moving average is $107.96 and its 200-day moving average is $120.95. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same quarter in the prior year, the company earned $0.59 EPS. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. On average, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

MTSI has been the topic of several research reports. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Truist Financial initiated coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 target price on the stock. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Benchmark reaffirmed a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Finally, Barclays upped their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. 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 MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $130.50.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 4,694 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $123.50, for a total value of $579,709.00. Following the completion of the transaction, the director now owns 4,223,070 shares of the company's stock, valued at $521,549,145. This represents a 0.11% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the company's stock in a transaction that occurred on 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 of the company's stock, valued at approximately $3,560,300. This trade represents a 15.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 420,558 shares of company stock worth $51,836,705 in the last 90 days. 16.30% of the stock is 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.