Northern Trust Corp Buys 85,104 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Northern Trust Corp raised its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 21.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 479,046 shares of the semiconductor company's stock after acquiring an additional 85,104 shares during the quarter. Northern Trust Corp owned approximately 0.64% of MACOM Technology Solutions worth $62,233,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of MTSI. Vanguard Group Inc. raised its position in MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after purchasing an additional 368,979 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in MACOM Technology Solutions by 38.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after acquiring an additional 1,120,510 shares in the last quarter. Geode Capital Management LLC increased its position in MACOM Technology Solutions by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after purchasing an additional 6,784 shares during the period. Norges Bank bought a new position in MACOM Technology Solutions in the 4th quarter worth $82,833,000. Finally, Jennison Associates LLC lifted its position in shares of MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after purchasing an additional 2,646 shares during the period. 76.14% of the stock is owned by institutional investors.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the transaction, the director now directly owns 4,823,636 shares of the company's stock, valued at $598,757,936.68. The trade was a 5.86 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now directly owns 14,031 shares of the company's stock, valued at $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 743,064 shares of company stock worth $91,879,525 in the last three months. Corporate insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

MTSI has been the subject of several research analyst reports. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research report on Wednesday, April 9th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $105.00 to $140.00 in a report on Monday, February 10th. Bank of America decreased their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus cut their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, Benchmark reiterated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $130.91.

MACOM Technology Solutions Stock Performance

MTSI stock traded down $1.58 during trading on Friday, reaching $118.08. The stock had a trading volume of 570,031 shares, compared to its average volume of 671,176. The firm has a market cap of $8.78 billion, a PE ratio of -82.00, a PEG ratio of 2.42 and a beta of 1.36. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The stock's 50 day moving average is $103.46 and its two-hundred day moving average is $120.81. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The firm had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same quarter in the prior year, the business earned $0.59 EPS. The business's quarterly revenue was up 30.2% on a year-over-year basis. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.