MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Oberweis Asset Management Inc.

Oberweis Asset Management Inc. raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 17.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,070 shares of the semiconductor company's stock after purchasing an additional 25,970 shares during the quarter. MACOM Technology Solutions comprises approximately 1.1% of Oberweis Asset Management Inc.'s portfolio, making the stock its 15th largest holding. Oberweis Asset Management Inc. owned about 0.24% of MACOM Technology Solutions worth $23,263,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in MTSI. Louisiana State Employees Retirement System raised its stake in MACOM Technology Solutions by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after acquiring an additional 100 shares during the last quarter. Russell Investments Group Ltd. increased its stake in MACOM Technology Solutions by 1.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after buying an additional 100 shares during the period. UMB Bank n.a. raised its position 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 buying an additional 101 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in shares of MACOM Technology Solutions by 8.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after acquiring an additional 101 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock valued at $292,000 after acquiring an additional 112 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Price Performance

MTSI traded down $0.29 during midday trading on Tuesday, reaching $103.78. 131,472 shares of the company's stock were exchanged, compared to its average volume of 660,891. The business's 50-day moving average price is $104.36 and its 200 day moving average price is $121.08. The stock has a market capitalization of $7.71 billion, a PE ratio of -72.06, a P/E/G ratio of 2.42 and a beta of 1.72. 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 debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the completion of the transaction, the director now 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions 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. The trade was a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 736,593 shares of company stock valued at $91,232,425 over the last quarter. Insiders own 16.30% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. Truist Financial started coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective for the company. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Stifel Nicolaus cut their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Bank of America reduced their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $127.92.

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.