Tudor Investment Corp ET AL Acquires 56,243 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Tudor Investment Corp ET AL lifted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 25.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 274,947 shares of the semiconductor company's stock after acquiring an additional 56,243 shares during the quarter. MACOM Technology Solutions accounts for about 0.1% of Tudor Investment Corp ET AL's holdings, making the stock its 28th biggest holding. Tudor Investment Corp ET AL owned approximately 0.37% of MACOM Technology Solutions worth $35,718,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $35,000. Charles Schwab Investment Management Inc. increased its position in MACOM Technology Solutions by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after purchasing an additional 1,719 shares during the period. Assenagon Asset Management S.A. increased its position in MACOM Technology Solutions by 22.5% during the 4th 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. Smartleaf Asset Management LLC increased its position in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares during the period. Finally, Covea Finance increased its position in MACOM Technology Solutions by 8.0% during the 4th quarter. Covea Finance now owns 27,000 shares of the semiconductor company's stock valued at $3,508,000 after purchasing an additional 2,000 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 45,773 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the transaction, the director now owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction that occurred 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 sale, the director now directly owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 736,593 shares of company stock worth $91,232,425. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Up 2.4 %

MTSI stock traded up $2.47 during trading on Thursday, hitting $106.22. 837,591 shares of the stock traded hands, compared to its average volume of 663,776. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The firm's 50 day moving average is $103.61 and its two-hundred day moving average is $120.84. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of -73.76, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on MTSI shares. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Bank of America reduced their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Truist Financial started coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 target price on the stock. Benchmark reaffirmed a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $127.92.

MACOM Technology Solutions Company 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.