Summit Partners L P Raises Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Summit Partners L P boosted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,650 shares of the semiconductor company's stock after buying an additional 2,138 shares during the quarter. MACOM Technology Solutions makes up approximately 0.3% of Summit Partners L P's investment portfolio, making the stock its 7th largest position. Summit Partners L P owned 0.06% of MACOM Technology Solutions worth $4,783,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its holdings in MACOM Technology Solutions by 1.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after buying an additional 100 shares during the last quarter. Quadrant Capital Group LLC increased its position in MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock valued at $174,000 after purchasing an additional 101 shares during the period. Corient Private Wealth LLC increased its position in MACOM Technology Solutions by 4.7% during the 4th quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company's stock valued at $394,000 after purchasing an additional 136 shares during the period. Securian Asset Management Inc. increased its position in MACOM Technology Solutions by 3.2% during the 1st quarter. Securian Asset Management Inc. now owns 4,517 shares of the semiconductor company's stock valued at $453,000 after purchasing an additional 139 shares during the period. Finally, Treasurer of the State of North Carolina increased its position in MACOM Technology Solutions by 0.7% during the 4th quarter. Treasurer of the State of North Carolina now owns 24,530 shares of the semiconductor company's stock valued at $3,187,000 after purchasing an additional 160 shares during the period. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Trading Up 0.2%

Shares of MTSI stock traded up $0.35 during trading hours on Friday, hitting $142.11. 343,026 shares of the company were exchanged, compared to its average volume of 663,562. The firm has a market cap of $10.56 billion, a P/E ratio of -116.48, a P/E/G ratio of 2.74 and a beta of 1.43. 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 company has a 50 day simple moving average of $131.46 and a two-hundred day simple moving average of $121.12.

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

Insider Buying and Selling

In related news, Director Susan Ocampo sold 300,000 shares of the stock in a transaction on Monday, May 12th. The stock was sold at an average price of $123.58, for a total value of $37,074,000.00. Following the transaction, the director directly owned 4,377,764 shares in the company, valued at $541,004,075.12. This trade represents a 6.41% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction on Wednesday, April 30th. The stock was 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 owned 35,603 shares in the company, 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 454,227 shares of company stock worth $56,118,317 over the last quarter. Corporate insiders own 16.30% of the company's stock.

Analyst Ratings Changes

MTSI has been the subject of a number of recent analyst reports. Truist Financial increased their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Wednesday, April 9th. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Friday. Finally, Barclays increased their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $139.90.

MACOM Technology Solutions Company 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.