Schonfeld Strategic Advisors LLC Increases Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Schonfeld Strategic Advisors LLC grew its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 53.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,092 shares of the semiconductor company's stock after purchasing an additional 2,806 shares during the period. Schonfeld Strategic Advisors LLC's holdings in MACOM Technology Solutions were worth $1,051,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTSI. UMB Bank n.a. increased its position in shares of MACOM Technology Solutions by 74.3% in 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 last quarter. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions in the fourth quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions in the fourth quarter worth $35,000. ORG Wealth Partners LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $36,000. Finally, Smartleaf Asset Management LLC raised its position in shares of MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction on Wednesday, February 12th. The shares were 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 in the company, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the company's stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 35,603 shares in the company, valued at approximately $3,560,300. The trade was a 15.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 743,064 shares of company stock valued at $91,879,525 in the last quarter. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock traded down $1.58 during trading on Friday, reaching $118.08. 570,031 shares of the stock traded hands, compared to its average volume of 671,176. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week 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 business has a fifty day simple moving average of $103.46 and a two-hundred day simple moving average of $120.81. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of -82.00, a P/E/G 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 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The company's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 EPS. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

MTSI has been the subject of several recent analyst reports. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Truist Financial assumed coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective on the stock. Bank of America cut their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and a consensus target price of $130.91.

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.