Knights of Columbus Asset Advisors LLC Grows Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Knights of Columbus Asset Advisors LLC lifted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 103.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,497 shares of the semiconductor company's stock after purchasing an additional 19,027 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.05% of MACOM Technology Solutions worth $3,485,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in MACOM Technology Solutions by 90.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company's stock worth $235,511,000 after acquiring an additional 1,777,798 shares during the period. Vanguard Group Inc. grew its holdings in MACOM Technology Solutions by 8.5% during the third quarter. Vanguard Group Inc. now owns 5,204,555 shares of the semiconductor company's stock worth $269,545,000 after acquiring an additional 408,017 shares during the period. Westfield Capital Management Co. LP acquired a new stake in MACOM Technology Solutions during the first quarter worth about $21,347,000. Bank of New York Mellon Corp grew its holdings in MACOM Technology Solutions by 136.0% during the third quarter. Bank of New York Mellon Corp now owns 507,452 shares of the semiconductor company's stock worth $26,281,000 after acquiring an additional 292,386 shares during the period. Finally, Bank of America Corp DE grew its holdings in MACOM Technology Solutions by 157.9% during the first quarter. Bank of America Corp DE now owns 477,233 shares of the semiconductor company's stock worth $33,807,000 after acquiring an additional 292,190 shares during the period. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 9,397 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $92.24, for a total transaction of $866,779.28. Following the transaction, the senior vice president now owns 48,325 shares in the company, valued at $4,457,498. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other MACOM Technology Solutions news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the sale, the senior vice president now owns 15,649 shares in the company, valued at $1,347,691.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 9,397 shares of MACOM Technology Solutions stock in a transaction on Monday, March 11th. The shares were sold at an average price of $92.24, for a total value of $866,779.28. Following the completion of the sale, the senior vice president now owns 48,325 shares in the company, valued at approximately $4,457,498. The disclosure for this sale can be found here. Insiders have sold a total of 811,058 shares of company stock worth $68,674,574 over the last quarter. 22.75% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI traded down $2.35 during midday trading on Friday, hitting $92.81. The stock had a trading volume of 639,698 shares, compared to its average volume of 521,019. The company has a market capitalization of $6.69 billion, a PE ratio of 89.24, a P/E/G ratio of 5.88 and a beta of 1.64. The stock has a 50 day simple moving average of $93.17 and a 200-day simple moving average of $86.97. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $48.53 and a 1 year high of $104.90. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. The business 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%. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.02 EPS for the current fiscal year.

Analyst Ratings Changes

Several analysts recently commented on the company. TheStreet lowered MACOM Technology Solutions from a "b" rating to a "c+" rating in a report on Thursday, February 1st. Barclays raised 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. Piper Sandler reissued a "neutral" rating and issued a $85.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Needham & Company LLC raised 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. Finally, Evercore ISI assumed coverage on MACOM Technology Solutions in a report on Tuesday, April 16th. They issued an "outperform" rating and a $120.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $99.67.

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.