Vanguard Group Inc. Increases Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Vanguard Group Inc. boosted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,646,452 shares of the semiconductor company's stock after purchasing an additional 129,201 shares during the period. Vanguard Group Inc. owned approximately 8.94% of MACOM Technology Solutions worth $667,171,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC grew its stake in MACOM Technology Solutions by 57.2% during the 4th quarter. LPL Financial LLC now owns 6,636 shares of the semiconductor company's stock worth $862,000 after buying an additional 2,415 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after purchasing an additional 100 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at $8,630,000. Treasurer of the State of North Carolina boosted its holdings in MACOM Technology Solutions by 0.7% in the fourth 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 last quarter. Finally, Mariner LLC boosted its holdings in MACOM Technology Solutions by 8.0% in the fourth quarter. Mariner LLC now owns 10,934 shares of the semiconductor company's stock valued at $1,420,000 after purchasing an additional 810 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the company's stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $125.65, for a total transaction of $282,712.50. Following the transaction, the chief financial officer directly owned 47,128 shares in the company, valued at approximately $5,921,633.20. This represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Robert Dennehy sold 5,000 shares of the company's stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total transaction of $702,100.00. Following the transaction, the senior vice president owned 15,680 shares in the company, valued at $2,201,785.60. The trade was a 24.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 144,118 shares of company stock valued at $18,041,599 in the last ninety days. Company insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MTSI. Stifel Nicolaus increased their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Truist Financial raised their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Barclays raised their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Bank of America raised their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research note on Tuesday, June 24th. Finally, Wall Street Zen raised shares of MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research note on Sunday, July 20th. One equities research analyst has 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 data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $146.13.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded down $2.31 on Friday, reaching $123.09. 537,002 shares of the stock were exchanged, compared to its average volume of 743,923. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $135.39 and a two-hundred day moving average price of $120.57. The firm has a market capitalization of $9.17 billion, a PE ratio of -121.87, a PEG ratio of 2.32 and a beta of 1.38.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.89 by $0.01. MACOM Technology Solutions had a negative net margin of 7.71% and a positive return on equity of 14.02%. The business had revenue of $252.08 million for the quarter, compared to analyst estimates of $249.89 million. During the same period in the previous year, the business posted $0.66 earnings per share. The business's revenue was up 32.3% compared to the same quarter last year. As a group, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal 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.