Y Intercept Hong Kong Ltd Takes $1.77 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Y Intercept Hong Kong Ltd acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,590 shares of the semiconductor company's stock, valued at approximately $1,766,000.

A number of other large investors have also bought and sold shares of the company. Principal Financial Group Inc. grew its holdings in shares of MACOM Technology Solutions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock worth $13,750,000 after purchasing an additional 4,249 shares in the last quarter. OneDigital Investment Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 27.0% in the 1st quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock worth $242,000 after buying an additional 511 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of MACOM Technology Solutions by 24.4% in the 1st quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock worth $146,000 after buying an additional 285 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 18.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock worth $329,000 after acquiring an additional 502 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. grew its position in MACOM Technology Solutions by 23.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock worth $1,395,000 after acquiring an additional 2,655 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Up 0.3%

MTSI stock traded up $0.38 on Friday, reaching $137.67. The company's stock had a trading volume of 328,823 shares, compared to its average volume of 545,946. The business has a fifty day simple moving average of $132.94 and a two-hundred day simple moving average of $121.21. 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 debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. The firm has a market cap of $10.23 billion, a PE ratio of -112.84, a PEG ratio of 2.65 and a beta of 1.43.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued 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 negative net margin of 10.24% and a positive return on equity of 13.32%. The business had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. During the same period last year, the business posted $0.59 earnings per share. MACOM Technology Solutions's quarterly revenue was up 30.2% compared to the same quarter last year. As a group, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, CEO Stephen G. Daly sold 14,665 shares of the company's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $122.71, for a total value of $1,799,542.15. Following the sale, the chief executive officer directly owned 36,327 shares of the company's stock, valued at $4,457,686.17. This represents a 28.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the transaction, the senior vice president owned 35,603 shares of the company's stock, valued at approximately $3,560,300. The trade was a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 459,227 shares of company stock worth $56,805,317. Corporate insiders own 16.30% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MTSI shares. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Truist Financial lifted their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Wednesday, April 9th. Barclays upped 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 report on Friday, May 9th. Finally, Bank of America lifted their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions currently has an average rating of "Moderate Buy" and an average target price of $139.90.

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.