Principal Financial Group Inc. Increases Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Principal Financial Group Inc. lifted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 517,283 shares of the semiconductor company's stock after acquiring an additional 22,662 shares during the period. Principal Financial Group Inc. owned approximately 0.72% of MACOM Technology Solutions worth $48,081,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MTSI. Vanguard Group Inc. grew its position in MACOM Technology Solutions by 1.8% during the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company's stock worth $466,455,000 after buying an additional 101,938 shares in the last quarter. Artisan Partners Limited Partnership raised its stake in MACOM Technology Solutions by 29.0% in the third quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company's stock valued at $92,053,000 after purchasing an additional 253,396 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in MACOM Technology Solutions by 20.9% during the third quarter. The Manufacturers Life Insurance Company now owns 515,461 shares of the semiconductor company's stock worth $42,051,000 after purchasing an additional 89,191 shares during the period. Charles Schwab Investment Management Inc. grew its stake in MACOM Technology Solutions by 1.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,448 shares of the semiconductor company's stock worth $41,683,000 after buying an additional 7,967 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in MACOM Technology Solutions by 58.8% in the 3rd quarter. New York State Common Retirement Fund now owns 220,293 shares of the semiconductor company's stock valued at $17,972,000 after buying an additional 81,582 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Buying and Selling

In other news, SVP Wayne Mack Struble sold 1,019 shares of the stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the completion of the sale, the senior vice president now owns 15,649 shares of the company's stock, valued at $1,347,691.88. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Wayne Mack Struble sold 1,019 shares of the company's stock in a transaction on Friday, February 16th. The shares were sold at an average price of $86.12, for a total value of $87,756.28. Following the sale, the senior vice president now directly owns 15,649 shares of the company's stock, valued at approximately $1,347,691.88. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction on Friday, March 15th. The stock was sold at an average price of $88.88, for a total transaction of $210,645.60. Following the transaction, the senior vice president now directly owns 32,827 shares of the company's stock, valued at approximately $2,917,663.76. The disclosure for this sale can be found here. Insiders have sold a total of 311,408 shares of company stock valued at $28,884,638 over the last 90 days. 22.75% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on MTSI. TheStreet lowered shares of MACOM Technology Solutions from a "b" rating to a "c+" rating in a research report on Thursday, February 1st. Needham & Company LLC raised their target price on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. Evercore ISI initiated coverage on MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an "outperform" rating and a $120.00 price objective on the stock. Finally, Benchmark boosted their target price on MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a "buy" rating in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, MACOM Technology Solutions has an average rating of "Moderate Buy" and a consensus price target of $111.00.

MACOM Technology Solutions Trading Down 1.7 %

NASDAQ:MTSI traded down $1.77 during mid-day trading on Thursday, hitting $101.60. 620,752 shares of the company's stock were exchanged, compared to its average volume of 530,910. The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $56.60 and a fifty-two week high of $107.00. The company has a 50 day simple moving average of $98.16 and a 200-day simple moving average of $89.86. The firm has a market capitalization of $7.33 billion, a P/E ratio of 117.47, a PEG ratio of 8.30 and a beta of 1.65.

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.