Twinbeech Capital LP Makes New Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Twinbeech Capital LP bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 53,145 shares of the semiconductor company's stock, valued at approximately $6,904,000. Twinbeech Capital LP owned approximately 0.07% of MACOM Technology Solutions at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MTSI. Price T Rowe Associates Inc. MD lifted its position in shares of 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 worth $519,399,000 after acquiring an additional 1,120,510 shares in the last quarter. Norges Bank purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $82,833,000. Vanguard Group Inc. lifted its position in shares of 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 worth $846,656,000 after acquiring an additional 368,979 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $31,260,000. Finally, Nuveen Asset Management LLC increased its holdings in shares of MACOM Technology Solutions by 129.4% in the fourth quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock worth $42,621,000 after purchasing an additional 185,075 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm's stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $118.59, for a total value of $586,308.96. Following the completion of the sale, the senior vice president now directly owns 30,659 shares in the company, valued at $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 97,527 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 408,944 shares of company stock valued at $50,408,791. 16.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MTSI shares. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a report on Wednesday, April 9th. Stifel Nicolaus decreased 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 report on Thursday, April 17th. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Barclays upped their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $130.50.

MACOM Technology Solutions Stock Down 0.8%

MTSI opened at $122.53 on Tuesday. The stock has a market cap of $9.11 billion, a PE ratio of -85.09, a P/E/G ratio of 2.42 and a beta of 1.36. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The business's fifty day simple moving average is $105.76 and its 200 day simple moving average is $121.13.

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 analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $230.04 million. During the same period last year, the firm earned $0.59 earnings per share. The company's revenue for the quarter was up 30.2% compared to the same quarter last year. As a group, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.

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