Raiffeisen Bank International AG Buys New Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Raiffeisen Bank International AG bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 50,000 shares of the semiconductor company's stock, valued at approximately $6,494,000. Raiffeisen Bank International AG owned approximately 0.07% of MACOM Technology Solutions as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of MTSI. ProShare Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 7.6% in the fourth quarter. ProShare Advisors LLC now owns 2,710 shares of the semiconductor company's stock worth $352,000 after acquiring an additional 192 shares during the period. Quantinno Capital Management LP raised its position in shares of MACOM Technology Solutions by 63.1% in the fourth quarter. Quantinno Capital Management LP now owns 3,679 shares of the semiconductor company's stock worth $478,000 after buying an additional 1,424 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of MACOM Technology Solutions by 3.7% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 15,513 shares of the semiconductor company's stock worth $2,072,000 after buying an additional 554 shares in the last quarter. Nuveen Asset Management LLC raised its position in shares of MACOM Technology Solutions by 129.4% in the fourth quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock worth $42,621,000 after buying an additional 185,075 shares in the last quarter. Finally, Millennium Management LLC raised its position in shares of MACOM Technology Solutions by 14.8% in the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock worth $110,513,000 after buying an additional 109,529 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Susan Ocampo sold 97,527 shares of the business's stock in a transaction that occurred on 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 in the company, valued at approximately $581,839,038. The trade was a 2.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the company's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $118.59, for a total value of $586,308.96. Following the sale, the senior vice president now owns 30,659 shares of the company's stock, valued at approximately $3,635,850.81. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 708,944 shares of company stock valued at $87,647,791 over the last ninety days. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock traded down $0.93 during trading hours on Monday, hitting $122.53. The company's stock had a trading volume of 862,058 shares, compared to its average volume of 684,270. The business has a 50 day moving average price of $105.76 and a two-hundred day moving average price of $121.13. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The company has a market cap of $9.11 billion, a PE ratio of -85.09, a PEG ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same period in the previous year, the firm posted $0.59 earnings per share. The business's revenue was up 30.2% compared to the same quarter last year. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MTSI. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Barclays raised their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 price target on the stock. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus lowered their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $130.50.

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.