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

Raiffeisen Bank International AG purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 50,000 shares of the semiconductor company's stock, valued at approximately $6,494,000. Raiffeisen Bank International AG owned about 0.07% of MACOM Technology Solutions at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MTSI. Fifth Third Wealth Advisors LLC purchased a new position in MACOM Technology Solutions in the 4th quarter worth $216,000. Assenagon Asset Management S.A. increased its holdings in shares of MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock valued at $12,756,000 after purchasing an additional 18,055 shares during the period. Park Avenue Securities LLC raised its stake in shares of MACOM Technology Solutions by 17.4% in the fourth quarter. Park Avenue Securities LLC now owns 3,675 shares of the semiconductor company's stock worth $477,000 after purchasing an additional 546 shares during the last quarter. UMB Bank n.a. lifted its holdings 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 worth $31,000 after purchasing an additional 101 shares during the period. Finally, Perpetual Ltd acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $361,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Performance

MTSI stock traded down $1.80 during midday trading on Wednesday, hitting $121.71. 249,278 shares of the stock traded hands, compared to its average volume of 681,827. 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. The stock's fifty day simple moving average is $106.15 and its 200-day simple moving average is $121.15. The firm has a market cap of $9.05 billion, a P/E ratio of -85.29, a PEG ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted 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 negative net margin of 13.05% and a positive return on equity of 12.42%. The business had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. During the same period in the prior year, the company posted $0.59 EPS. The company's revenue for the quarter was up 30.2% on a year-over-year basis. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently weighed in on MTSI. Bank of America cut their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Barclays increased their price objective 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, May 9th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Wednesday, April 9th. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Stifel Nicolaus cut 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 equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.50.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 4,694 shares of MACOM Technology Solutions stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $123.50, for a total value of $579,709.00. Following the sale, the director now directly owns 4,223,070 shares in the company, valued at approximately $521,549,145. The trade was a 0.11% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the transaction, the senior vice president now directly owns 35,603 shares of the company's stock, valued at $3,560,300. The trade was a 15.38% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 413,638 shares of company stock valued at $50,988,500 in the last three months. 16.30% of the stock is currently owned by company insiders.

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.