3,274 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Purchased by Cerity Partners LLC

Cerity Partners LLC acquired a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,274 shares of the semiconductor company’s stock, valued at approximately $304,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $1,644,000. Asset Management One Co. Ltd. grew its position in shares of MACOM Technology Solutions by 8.6% during the 3rd quarter. Asset Management One Co. Ltd. now owns 3,732 shares of the semiconductor company’s stock worth $304,000 after buying an additional 294 shares during the period. Verdence Capital Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $236,000. Strs Ohio grew its position in shares of MACOM Technology Solutions by 54.5% during the 3rd quarter. Strs Ohio now owns 5,100 shares of the semiconductor company’s stock worth $416,000 after buying an additional 1,800 shares during the period. Finally, Advisor Partners II LLC acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $220,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Wayne Mack Struble sold 1,019 shares of the company’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 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 document filed with the SEC, which is available at the SEC website. In related news, Director Susan Ocampo sold 65,993 shares of the stock in a transaction on Tuesday, February 6th. The stock was sold at an average price of $80.01, for a total value of $5,280,099.93. Following the sale, the director now owns 8,045,668 shares in the company, valued at approximately $643,733,896.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Wayne Mack Struble sold 1,019 shares of the 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 completion of the sale, 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. Insiders have sold a total of 811,058 shares of company stock worth $68,674,574 in the last 90 days. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Trading Up 1.1 %

Shares of MACOM Technology Solutions stock opened at $101.71 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $48.53 and a 12-month high of $104.90. The stock has a market cap of $7.33 billion, a P/E ratio of 97.80, a P/E/G ratio of 6.37 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. The business’s 50 day moving average is $94.58 and its 200-day moving average is $87.54.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $157.15 million for the quarter, compared to analysts’ expectations of $151.12 million. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on MTSI. Barclays boosted their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 16th. Evercore ISI began coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price objective for the company. Needham & Company LLC boosted their price objective on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Piper Sandler reiterated a “neutral” rating and issued a $85.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Finally, TheStreet lowered MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

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.