Louisiana State Employees Retirement System Purchases Shares of 15,200 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Louisiana State Employees Retirement System purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 15,200 shares of the semiconductor company’s stock, valued at approximately $1,413,000.

Several other large investors have also recently bought and sold shares of MTSI. Ensign Peak Advisors Inc bought a new position in MACOM Technology Solutions in the 3rd quarter valued at $29,000. RiverPark Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth $58,000. Point72 Hong Kong Ltd lifted its holdings in shares of MACOM Technology Solutions by 69.9% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 597 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of MACOM Technology Solutions by 26.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company’s stock worth $68,000 after acquiring an additional 308 shares during the last quarter. Finally, Point72 Middle East FZE bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $85,000. 76.14% of the stock is owned by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,234 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.77, for a total value of $547,158.18. Following the transaction, the senior vice president now owns 57,722 shares in the company, valued at $5,066,259.94. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Donghyun Thomas Hwang sold 6,234 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were sold at an average price of $87.77, for a total transaction of $547,158.18. Following the transaction, the senior vice president now owns 57,722 shares in the company, valued at $5,066,259.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Wayne Mack Struble sold 1,019 shares of the business’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $86.12, for a total transaction of $87,756.28. Following the transaction, the senior vice president now owns 15,649 shares in the company, valued at approximately $1,347,691.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 811,058 shares of company stock worth $68,674,574. 22.75% of the stock is currently owned by company insiders.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $92.81 on Friday. The company’s fifty day moving average is $93.17 and its 200 day moving average is $86.93. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $48.53 and a 52 week high of $104.90. The stock has a market cap of $6.69 billion, a PE ratio of 89.24, a PEG ratio of 6.03 and a beta of 1.64. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48.

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

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Evercore ISI assumed coverage on shares of MACOM Technology Solutions in a report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price objective for the company. TheStreet downgraded shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Stifel Nicolaus lifted their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday. Barclays lifted their target price on shares of MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Finally, Needham & Company LLC lifted their target price 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. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $99.67.

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.