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

Scientech Research LLC acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,724 shares of the semiconductor company's stock, valued at approximately $1,393,000.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after purchasing an additional 368,979 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after purchasing an additional 1,120,510 shares during the period. Geode Capital Management LLC boosted its holdings in shares of MACOM Technology Solutions by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after purchasing an additional 6,784 shares during the period. Millennium Management LLC boosted its holdings in shares of MACOM Technology Solutions by 14.8% during the fourth quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock worth $110,513,000 after purchasing an additional 109,529 shares during the period. Finally, Norges Bank acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth approximately $82,833,000. Institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 97,527 shares of the firm's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the sale, the director now directly owns 4,689,225 shares in the company, valued at $581,839,038. This trade represents a 2.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total transaction of $586,308.96. Following the completion of the sale, the senior vice president now owns 30,659 shares in the company, valued at $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 413,638 shares of company stock worth $50,988,500. Company insiders own 16.30% of the company's stock.

Analyst Ratings Changes

Several analysts recently commented on MTSI shares. Benchmark restated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Barclays raised their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Stifel Nicolaus decreased their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.50.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded up $0.98 on Tuesday, hitting $123.51. The company's stock had a trading volume of 456,574 shares, compared to its average volume of 683,331. The firm has a market cap of $9.18 billion, a P/E ratio of -85.77, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average price of $106.15 and a 200-day moving average price of $121.15. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share 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 company had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. During the same quarter last year, the business posted $0.59 earnings per share. The company's revenue was up 30.2% on a year-over-year basis. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current 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.