Millennium Management LLC Grows Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Millennium Management LLC lifted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 850,687 shares of the semiconductor company's stock after buying an additional 109,529 shares during the period. Millennium Management LLC owned about 1.14% of MACOM Technology Solutions worth $110,513,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of MTSI. FORA Capital LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $387,000. D. E. Shaw & Co. Inc. grew its holdings in shares of MACOM Technology Solutions by 37.2% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 163,565 shares of the semiconductor company's stock worth $21,249,000 after acquiring an additional 44,381 shares during the period. Corton Capital Inc. acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $338,000. Crestline Management LP grew its holdings in shares of MACOM Technology Solutions by 16.5% in the 4th quarter. Crestline Management LP now owns 43,051 shares of the semiconductor company's stock worth $5,593,000 after acquiring an additional 6,085 shares during the period. Finally, Cubist Systematic Strategies LLC grew its holdings in shares of MACOM Technology Solutions by 16.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 52,318 shares of the semiconductor company's stock worth $6,797,000 after acquiring an additional 7,315 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Up 0.8%

Shares of MTSI stock traded up $0.93 during mid-day trading on Friday, hitting $123.46. 1,306,630 shares of the company's stock were exchanged, compared to its average volume of 682,519. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The stock has a 50-day simple moving average of $105.45 and a two-hundred day simple moving average of $120.98. 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 stock has a market cap of $9.18 billion, a price-to-earnings ratio of -85.74, a PEG ratio of 2.42 and a beta of 1.36.

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

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MTSI. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a report on Wednesday, April 9th. Stifel Nicolaus lowered their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Bank of America lowered their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Two 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. According to MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $130.50.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 4,944 shares of the stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $118.59, for a total value of $586,308.96. Following the transaction, the senior vice president now directly owns 30,659 shares of the company's stock, valued at approximately $3,635,850.81. This trade represents a 13.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 300,000 shares of the stock in a transaction on 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 transaction, the director now directly owns 4,823,636 shares in the company, valued at $598,757,936.68. This trade represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 708,944 shares of company stock worth $87,647,791 over the last quarter. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions 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.