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

Northern Trust Corp boosted 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 (SEC). The fund owned 479,046 shares of the semiconductor company's stock after acquiring an additional 85,104 shares during the quarter. Northern Trust Corp owned 0.64% of MACOM Technology Solutions worth $62,233,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. UMB Bank n.a. grew its holdings in MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions during the 4th quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth $36,000. Finally, Smartleaf Asset Management LLC lifted its position in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. Institutional investors own 76.14% of the company's stock.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the transaction, the senior vice president now owns 35,603 shares in the company, valued at $3,560,300. This trade represents a 15.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 97,527 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the sale, the director now owns 4,689,225 shares of the company's stock, valued at approximately $581,839,038. The trade was a 2.04% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 697,291 shares of company stock valued at $86,141,880. Insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

MTSI has been the topic of a number of analyst reports. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They set a "buy" rating and a $125.00 price objective on the stock. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Wednesday, April 9th. Finally, Barclays lifted their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $130.91.

MACOM Technology Solutions Trading Up 2.8%

Shares of NASDAQ:MTSI traded up $3.27 on Monday, hitting $121.35. The company had a trading volume of 211,583 shares, compared to its average volume of 670,043. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The firm's 50-day simple moving average is $103.46 and its two-hundred day simple moving average is $120.88. The firm has a market capitalization of $9.02 billion, a price-to-earnings ratio of -84.16, a P/E/G ratio of 2.42 and a beta of 1.36.

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