Thornburg Investment Management Inc. Purchases New Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Thornburg Investment Management Inc. purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 65,815 shares of the semiconductor company's stock, valued at approximately $6,118,000. Thornburg Investment Management Inc. owned 0.09% of MACOM Technology Solutions at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Duality Advisers LP raised its holdings in MACOM Technology Solutions by 5.9% in the 4th quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company's stock worth $253,000 after purchasing an additional 152 shares during the period. State of Michigan Retirement System raised its holdings in MACOM Technology Solutions by 1.6% in the 3rd quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company's stock worth $1,052,000 after purchasing an additional 200 shares during the period. New York State Teachers Retirement System raised its holdings in MACOM Technology Solutions by 2.5% in the 4th quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company's stock worth $765,000 after purchasing an additional 200 shares during the period. RiverPark Advisors LLC raised its holdings in MACOM Technology Solutions by 29.1% during the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company's stock valued at $86,000 after acquiring an additional 208 shares during the period. Finally, Yousif Capital Management LLC raised its holdings in MACOM Technology Solutions by 0.9% during the fourth quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company's stock valued at $2,332,000 after acquiring an additional 215 shares during the period. 76.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of recent analyst reports. Needham & Company LLC raised their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the company a "buy" rating in a report on Friday, May 3rd. Benchmark raised their price target on MACOM Technology Solutions from $95.00 to $115.00 and gave the company a "buy" rating in a report on Monday, May 6th. Jefferies Financial Group reissued a "buy" rating and set a $135.00 price target (up from $100.00) on shares of MACOM Technology Solutions in a report on Monday. TheStreet downgraded MACOM Technology Solutions from a "b" rating to a "c+" rating in a research report on Thursday, February 1st. Finally, Barclays increased their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

Insider Buying and Selling at MACOM Technology Solutions

In related news, CFO John Kober sold 13,666 shares of the firm's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total value of $1,407,324.68. Following the transaction, the chief financial officer now owns 47,006 shares of the company's stock, valued at approximately $4,840,677.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, CFO John Kober sold 13,666 shares of the firm's stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the transaction, the chief financial officer now directly owns 47,006 shares of the company's stock, valued at $4,840,677.88. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 140,711 shares of the firm's stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $87.32, for a total transaction of $12,286,884.52. Following the transaction, the director now directly owns 6,970,950 shares in the company, valued at $608,703,354. The disclosure for this sale can be found here. Insiders have sold 310,389 shares of company stock valued at $28,796,881 in the last quarter. 22.75% of the stock is owned by insiders.

MACOM Technology Solutions Trading Down 0.7 %

Shares of MTSI traded down $0.75 during mid-day trading on Friday, reaching $100.85. 424,448 shares of the company's stock traded hands, compared to its average volume of 529,800. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The stock's 50-day moving average is $98.22 and its two-hundred day moving average is $89.95. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $56.60 and a 12 month high of $107.00. The stock has a market cap of $7.27 billion, a P/E ratio of 115.99, a P/E/G ratio of 8.40 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.