FORA Capital LLC Invests $387,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

FORA Capital LLC purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 2,981 shares of the semiconductor company's stock, valued at approximately $387,000.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its stake in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new stake in MACOM Technology Solutions during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions during the fourth quarter valued at $35,000. ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions during the fourth quarter valued at $36,000. Finally, Smartleaf Asset Management LLC increased its position in MACOM Technology Solutions by 97.2% during the fourth 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 last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Stifel Nicolaus cut their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target on the stock. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a report on Wednesday, April 9th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $130.50.

MACOM Technology Solutions Stock Up 0.2%

MACOM Technology Solutions stock traded up $0.30 during midday trading on Wednesday, hitting $123.55. 924,327 shares of the company's stock were exchanged, compared to its average volume of 678,852. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The firm has a 50-day moving average of $104.48 and a two-hundred day moving average of $120.92. The company has a market cap of $9.18 billion, a PE ratio of -85.80, a P/E/G ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping 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 company had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same period in the prior year, the business earned $0.59 EPS. The firm's quarterly revenue was up 30.2% on a year-over-year basis. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the transaction, the director now directly owns 4,823,636 shares of the company's stock, valued at $598,757,936.68. This represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 995,579 shares of company stock valued at $122,992,753. 16.30% of the stock is currently owned by insiders.

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.