New York State Teachers Retirement System Grows Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

New York State Teachers Retirement System raised its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.5% during the 4th quarter, Holdings Channel reports. The firm owned 8,226 shares of the semiconductor company’s stock after acquiring an additional 200 shares during the quarter. New York State Teachers Retirement System’s holdings in MACOM Technology Solutions were worth $765,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in MACOM Technology Solutions by 1.8% in the third quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after purchasing an additional 101,938 shares during the last quarter. Burney Co. acquired a new stake in shares of MACOM Technology Solutions during the third quarter valued at $1,318,000. Penserra Capital Management LLC boosted its stake in shares of MACOM Technology Solutions by 84.3% during the third quarter. Penserra Capital Management LLC now owns 95,114 shares of the semiconductor company’s stock valued at $7,759,000 after acquiring an additional 43,494 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of MACOM Technology Solutions by 12.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 440,481 shares of the semiconductor company’s stock valued at $35,934,000 after acquiring an additional 47,932 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at $2,582,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Evercore ISI assumed coverage on MACOM Technology Solutions in a research note on Tuesday. They set an “outperform” rating and a $120.00 price objective on the stock. Piper Sandler reissued a “neutral” rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. TheStreet lowered MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Barclays raised their price target on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Finally, Needham & Company LLC raised their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average target price of $99.67.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI opened at $95.16 on Friday. MACOM Technology Solutions Holdings, Inc. has a one year low of $48.53 and a one year high of $104.90. The business’s 50-day simple moving average is $92.99 and its 200 day simple moving average is $86.81. 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 market cap of $6.86 billion, a P/E ratio of 91.50, a PEG ratio of 6.33 and a beta of 1.64.

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

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Wayne Mack Struble sold 1,019 shares of the firm’s stock in a transaction that occurred on 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 sale, the senior vice president now owns 15,649 shares in the company, valued at approximately $1,347,691.88. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the completion of the transaction, the senior vice president now owns 15,649 shares in the company, valued at approximately $1,347,691.88. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the completion of the transaction, the senior vice president now owns 57,722 shares of the company’s stock, valued at approximately $5,066,259.94. The disclosure for this sale can be found here. Insiders sold a total of 811,058 shares of company stock worth $68,674,574 in the last 90 days. 22.75% of the stock is owned by corporate insiders.

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.