Wellington Management Group LLP Takes $14.65 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Wellington Management Group LLP acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 112,731 shares of the semiconductor company's stock, valued at approximately $14,645,000. Wellington Management Group LLP owned about 0.15% of MACOM Technology Solutions at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $35,000. Charles Schwab Investment Management Inc. increased its position in MACOM Technology Solutions by 0.3% in 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 acquiring an additional 1,719 shares during the period. Smartleaf Asset Management LLC increased its position 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 valued at $36,000 after acquiring an additional 138 shares during the period. HighTower Advisors LLC acquired a new position in MACOM Technology Solutions in the 4th quarter valued at approximately $1,247,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in MACOM Technology Solutions by 11.5% in the 4th 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 period. Institutional investors own 76.14% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTSI. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Barclays lifted their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Finally, Bank of America lowered 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 equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $130.50.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the sale, the senior vice president now owns 35,603 shares of the company's stock, valued at $3,560,300. This trade represents a 15.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Stephen G. Daly sold 9,374 shares of the firm's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $127.81, for a total value of $1,198,090.94. Following the transaction, the chief executive officer now directly owns 26,953 shares in the company, valued at approximately $3,444,862.93. This represents a 25.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 446,847 shares of company stock valued at $55,117,051 over the last three months. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Up 0.2%

MTSI traded up $0.26 during midday trading on Thursday, hitting $127.67. The company had a trading volume of 579,266 shares, compared to its average volume of 685,046. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. 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 company has a market capitalization of $9.49 billion, a price-to-earnings ratio of -88.66, a PEG ratio of 2.42 and a beta of 1.36. The stock's 50 day moving average price is $110.13 and its 200 day moving average price is $120.90.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business's revenue was up 30.2% compared to the same quarter last year. On average, research analysts anticipate 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.