Raymond James & Associates Acquires 1,054 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Raymond James & Associates increased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.9% in the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 36,837 shares of the semiconductor company’s stock after buying an additional 1,054 shares during the quarter. Raymond James & Associates owned about 0.05% of MACOM Technology Solutions worth $3,424,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of MTSI. MetLife Investment Management LLC raised its holdings in shares of MACOM Technology Solutions by 55.9% during the first quarter. MetLife Investment Management LLC now owns 26,105 shares of the semiconductor company’s stock valued at $1,563,000 after purchasing an additional 9,357 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of MACOM Technology Solutions by 2.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 648,503 shares of the semiconductor company’s stock valued at $38,827,000 after buying an additional 13,293 shares during the period. Sei Investments Co. boosted its stake in shares of MACOM Technology Solutions by 11.2% in the 1st quarter. Sei Investments Co. now owns 261,479 shares of the semiconductor company’s stock worth $15,602,000 after buying an additional 26,291 shares during the last quarter. Covestor Ltd grew its holdings in shares of MACOM Technology Solutions by 97.7% in the first quarter. Covestor Ltd now owns 1,621 shares of the semiconductor company’s stock worth $97,000 after acquiring an additional 801 shares during the period. Finally, Analog Century Management LP increased its position in MACOM Technology Solutions by 5.3% during the first quarter. Analog Century Management LP now owns 269,053 shares of the semiconductor company’s stock valued at $16,108,000 after acquiring an additional 13,600 shares during 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, SVP Wayne Mack Struble sold 1,019 shares of the business’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $86.12, for a total value of $87,756.28. Following the transaction, the senior vice president now owns 15,649 shares of the company’s stock, valued at $1,347,691.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, SVP Wayne Mack Struble sold 1,019 shares of the firm’s stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.12, for a total transaction of $87,756.28. Following the completion of the transaction, the senior vice president now owns 15,649 shares in the company, valued at $1,347,691.88. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the sale, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The disclosure for this sale can be found here. Insiders sold a total of 811,058 shares of company stock valued at $68,674,574 in the last three months. 22.75% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $90.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. Barclays boosted their price objective on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $94.67.

MACOM Technology Solutions Trading Down 4.0 %

Shares of MACOM Technology Solutions stock opened at $98.40 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 5.69 and a current ratio of 7.24. The company has a fifty day moving average of $91.70 and a 200 day moving average of $86.41. The company has a market capitalization of $7.09 billion, a P/E ratio of 94.62, a P/E/G ratio of 6.49 and a beta of 1.64. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $48.53 and a fifty-two week high of $104.59.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $157.15 million during the quarter, compared to analyst estimates of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. On average, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

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.