Wedmont Private Capital Acquires Shares of 2,067 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Wedmont Private Capital purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 2,067 shares of the semiconductor company's stock, valued at approximately $202,000.

Other hedge funds have also recently made changes to their positions in the company. Rhumbline Advisers lifted its position in MACOM Technology Solutions by 4.4% in the 1st quarter. Rhumbline Advisers now owns 156,073 shares of the semiconductor company's stock valued at $15,667,000 after acquiring an additional 6,536 shares in the last quarter. GAMMA Investing LLC lifted its position in MACOM Technology Solutions by 12,383.2% in the 1st quarter. GAMMA Investing LLC now owns 146,053 shares of the semiconductor company's stock valued at $14,661,000 after acquiring an additional 144,883 shares in the last quarter. Versant Capital Management Inc lifted its position in MACOM Technology Solutions by 9,400.0% in the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 282 shares in the last quarter. Wellington Management Group LLP bought a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $14,645,000. Finally, GTS Securities LLC bought a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $227,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI traded up $2.21 during midday trading on Monday, hitting $131.18. The company had a trading volume of 728,631 shares, compared to its average volume of 690,940. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The company has a market cap of $9.75 billion, a price-to-earnings ratio of -91.10, a PEG ratio of 2.42 and a beta of 1.40. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The company has a fifty day moving average of $115.16 and a two-hundred day moving average of $120.62.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted 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 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 analyst estimates of $230.04 million. During the same period in the prior year, the business posted $0.59 EPS. MACOM Technology Solutions's revenue was up 30.2% on a year-over-year basis. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,944 shares of the 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 completion of the transaction, the senior vice president now owns 30,659 shares of the company's stock, valued at $3,635,850.81. This represents a 13.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen G. Daly sold 2,380 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $125.70, for a total transaction of $299,166.00. Following the transaction, the chief executive officer now directly owns 24,573 shares of the company's stock, valued at $3,088,826.10. This trade represents a 8.83% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 449,227 shares of company stock worth $55,416,217. Corporate insiders own 16.30% of the company's stock.

Analyst Upgrades and Downgrades

MTSI has been the topic of several analyst reports. Benchmark reaffirmed a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. BNP Paribas upgraded 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 note on Wednesday, April 9th. Stifel Nicolaus decreased their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Truist Financial began coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 target price for the company. Finally, Bank of America decreased their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.50.

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.