Assenagon Asset Management S.A. Takes $2.58 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Assenagon Asset Management S.A. purchased 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 disclosure with the Securities and Exchange Commission (SEC). The firm purchased 27,774 shares of the semiconductor company's stock, valued at approximately $2,582,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Ensign Peak Advisors Inc purchased a new position in MACOM Technology Solutions in the third quarter worth approximately $29,000. RiverPark Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the third quarter worth $58,000. Point72 Hong Kong Ltd boosted its position in shares of MACOM Technology Solutions by 69.9% during the second quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company's stock worth $67,000 after buying an additional 597 shares during the period. Captrust Financial Advisors boosted its position in shares of MACOM Technology Solutions by 26.6% during the second quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company's stock worth $68,000 after buying an additional 308 shares during the period. Finally, West Tower Group LLC purchased a new position in shares of MACOM Technology Solutions during the second quarter worth $77,000. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded down $2.87 during midday trading on Thursday, reaching $98.56. 891,278 shares of the company were exchanged, compared to its average volume of 510,695. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $48.53 and a 1 year high of $104.59. The stock has a fifty day simple moving average of $89.73 and a 200 day simple moving average of $85.29. The stock has a market cap of $7.10 billion, a P/E ratio of 97.53, a PEG ratio of 6.28 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The firm had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. On average, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the sale, the senior vice president now owns 32,827 shares of the company's stock, valued at approximately $2,917,663.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.12, for a total transaction of $87,756.28. Following the completion of the transaction, the senior vice president now directly owns 15,649 shares in the company, valued at approximately $1,347,691.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the transaction, the senior vice president now owns 32,827 shares of the company's stock, valued at $2,917,663.76. The disclosure for this sale can be found here. Insiders have sold a total of 813,558 shares of company stock valued at $68,880,474 over the last quarter. 22.75% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research firms have recently commented on MTSI. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $90.00 to $105.00 and gave the stock a "buy" rating in a research report on Tuesday, January 2nd. Barclays increased their price objective on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, January 16th. TheStreet cut MACOM Technology Solutions from a "b" rating to a "c+" rating in a research note on Thursday, February 1st. Piper Sandler restated a "neutral" rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Finally, Bank of America upgraded MACOM Technology Solutions from a "neutral" rating to a "buy" rating and raised their price target for the company from $90.00 to $105.00 in a research note on Friday, December 15th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $94.67.

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.