Two Sigma Investments LP Invests $7.67 Million in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Two Sigma Investments LP bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 59,000 shares of the semiconductor company's stock, valued at approximately $7,665,000. Two Sigma Investments LP owned about 0.08% of MACOM Technology Solutions at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $35,000. Charles Schwab Investment Management Inc. boosted its position in MACOM Technology Solutions by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after buying an additional 1,719 shares during the period. Smartleaf Asset Management LLC grew its holdings in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares during the last quarter. HighTower Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the fourth quarter valued at about $1,247,000. Finally, Sumitomo Mitsui Trust Group Inc. raised its stake in shares of MACOM Technology Solutions by 11.5% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,778 shares of the semiconductor company's stock valued at $361,000 after acquiring an additional 286 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MTSI. 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 target price on the stock. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Stifel Nicolaus cut 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. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $130.50.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Susan Ocampo sold 104,449 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $123.98, for a total value of $12,949,587.02. Following the completion of the transaction, the director now owns 4,118,621 shares of the company's stock, valued at approximately $510,626,631.58. The trade was a 2.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction of $586,308.96. Following the sale, the senior vice president now directly owns 30,659 shares in the company, valued at approximately $3,635,850.81. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 420,558 shares of company stock valued at $51,836,705. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Down 1.2%

Shares of MTSI stock traded down $1.43 during trading hours on Friday, hitting $122.07. 118,562 shares of the company's stock traded hands, compared to its average volume of 681,854. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock's fifty day simple moving average is $107.96 and its two-hundred day simple moving average is $120.95. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The stock has a market cap of $9.07 billion, a price-to-earnings ratio of -85.10, a PEG ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released 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 business 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 12.42% and a negative net margin of 13.05%. The company's revenue for the quarter was up 30.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.