2,981 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Purchased by FORA Capital LLC

FORA Capital LLC purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,981 shares of the semiconductor company's stock, valued at approximately $387,000.

Other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after acquiring an additional 100 shares during the period. Russell Investments Group Ltd. grew its position 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 acquiring an additional 100 shares during the period. UMB Bank n.a. grew its position in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 101 shares during the period. Quadrant Capital Group LLC grew its position in MACOM Technology Solutions by 8.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock valued at $174,000 after acquiring an additional 101 shares during the period. Finally, CIBC Asset Management Inc grew its position in MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock valued at $292,000 after acquiring an additional 112 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of the stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total value of $37,239,000.00. Following the completion of the sale, the director now directly owns 4,823,636 shares in the company, valued at $598,757,936.68. This represents a 5.86% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $118.59, for a total value of $586,308.96. Following the completion of the sale, the senior vice president now owns 30,659 shares of the company's stock, valued at $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 708,944 shares of company stock valued at $87,647,791. 16.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the company. Barclays upped their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Stifel Nicolaus reduced their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Truist Financial assumed coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective on the stock. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research note on Wednesday, April 9th. Finally, Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two equities research 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 stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $130.50.

MACOM Technology Solutions Trading Up 0.1%

Shares of MTSI traded up $0.18 during trading hours on Friday, hitting $122.71. 456,595 shares of the stock traded hands, compared to its average volume of 678,978. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The firm has a market capitalization of $9.12 billion, a PE ratio of -85.39, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The business has a fifty day moving average of $105.00 and a 200-day moving average of $120.95.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its 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 positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. During the same quarter in the prior year, the firm posted $0.59 earnings per share. The company's quarterly revenue was up 30.2% on a year-over-year basis. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current 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.