PDT Partners LLC Makes New Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

PDT Partners LLC purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 4,805 shares of the semiconductor company's stock, valued at approximately $624,000.

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

MACOM Technology Solutions Price Performance

MTSI traded up $1.44 during midday trading on Monday, hitting $113.72. The stock had a trading volume of 890,550 shares, compared to its average volume of 664,194. 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 quick ratio of 2.88 and a current ratio of 3.61. The business has a fifty day moving average of $103.27 and a 200 day moving average of $120.87. The company has a market cap of $8.45 billion, a P/E ratio of -78.97, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate 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 forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the 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 completion of the sale, the senior vice president now owns 35,603 shares of the company's stock, valued at $3,560,300. This represents a 15.38 % decrease in their position. The sale 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 the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now directly owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 743,064 shares of company stock worth $91,879,525. 16.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MTSI. Truist Financial began coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target on the stock. Barclays reduced their price objective on shares of MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday, April 22nd. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Bank of America reduced their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Finally, BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research note on Wednesday, April 9th. Two equities research 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. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $128.64.

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.