MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Acquired by WCM Investment Management LLC

WCM Investment Management LLC grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 10.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 191,424 shares of the semiconductor company's stock after buying an additional 17,429 shares during the quarter. WCM Investment Management LLC owned 0.27% of MACOM Technology Solutions worth $18,082,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Ensign Peak Advisors Inc purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $29,000. RiverPark Advisors LLC purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $58,000. Point72 Hong Kong Ltd boosted its holdings in shares of MACOM Technology Solutions by 69.9% in the second quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company's stock valued at $67,000 after purchasing an additional 597 shares during the period. Captrust Financial Advisors boosted its holdings in shares of MACOM Technology Solutions by 26.6% in the second quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company's stock valued at $68,000 after purchasing an additional 308 shares during the period. Finally, Point72 Middle East FZE purchased a new stake in MACOM Technology Solutions during the fourth quarter worth $85,000. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded down $4.08 during mid-day trading on Friday, hitting $98.40. The stock had a trading volume of 337,067 shares, compared to its average volume of 531,986. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.69 and a current ratio of 7.24. The company has a 50 day moving average of $91.70 and a two-hundred day moving average of $86.45. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $48.53 and a twelve month high of $104.59. The firm has a market cap of $7.09 billion, a PE ratio of 94.62, a PEG ratio of 6.23 and a beta of 1.64.

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

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,234 shares of the stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.77, for a total transaction of $547,158.18. Following the sale, the senior vice president now directly owns 57,722 shares of the company's stock, valued at approximately $5,066,259.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, SVP Donghyun Thomas Hwang sold 6,234 shares of the stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.77, for a total transaction of $547,158.18. Following the sale, the senior vice president now directly owns 57,722 shares of the company's stock, valued at approximately $5,066,259.94. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO John Kober sold 12,892 shares of the stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total transaction of $1,030,715.40. Following the sale, the chief financial officer now directly owns 60,672 shares in the company, valued at $4,850,726.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 811,058 shares of company stock valued at $68,674,574. Company insiders own 22.75% of the company's stock.

Wall Street Analysts Forecast Growth

MTSI has been the subject of a number of analyst reports. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $90.00 to $105.00 and gave the stock a "buy" rating in a report on Tuesday, January 2nd. Piper Sandler restated a "neutral" rating and set a $85.00 target price on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Barclays increased their price objective on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an "overweight" rating in a report on Tuesday, January 16th. TheStreet lowered MACOM Technology Solutions from a "b" rating to a "c+" rating in a report on Thursday, February 1st. Finally, Needham & Company LLC increased their price objective on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a "buy" rating in a report on Friday, February 2nd. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $94.67.

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.