Schonfeld Strategic Advisors LLC Buys 2,806 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Schonfeld Strategic Advisors LLC grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 53.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,092 shares of the semiconductor company's stock after purchasing an additional 2,806 shares during the quarter. Schonfeld Strategic Advisors LLC's holdings in MACOM Technology Solutions were worth $1,051,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in MACOM Technology Solutions during the third quarter valued at about $111,000. GAMMA Investing LLC increased its holdings in shares of MACOM Technology Solutions by 42.5% during the 4th quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company's stock valued at $152,000 after acquiring an additional 349 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $201,000. Fulton Bank N.A. lifted its holdings in MACOM Technology Solutions by 7.7% in the 4th quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company's stock worth $686,000 after purchasing an additional 377 shares during the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares of the company's stock, valued at $1,706,309.91. This represents a 32.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm's stock in a transaction dated Wednesday, April 30th. The stock was 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 of the company's stock, valued at approximately $3,560,300. This represents a 15.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 702,235 shares of company stock valued at $86,728,189 in the last 90 days. 16.30% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on MTSI. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Bank of America decreased their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Truist Financial initiated coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target on the stock. Finally, 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. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average target price of $130.91.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded up $1.59 during trading hours on Tuesday, hitting $124.20. The stock had a trading volume of 176,172 shares, compared to its average volume of 673,655. The company has a 50-day moving average of $103.68 and a two-hundred day moving average of $120.88. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The company has a market cap of $9.23 billion, a PE ratio of -86.25, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36.

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

MACOM Technology Solutions 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.