Strs Ohio Raises Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Strs Ohio grew its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 9.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 5,600 shares of the semiconductor company’s stock after buying an additional 500 shares during the period. Strs Ohio’s holdings in MACOM Technology Solutions were worth $520,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised 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 worth $466,455,000 after buying an additional 101,938 shares during the last quarter. Artisan Partners Limited Partnership raised its holdings in MACOM Technology Solutions by 29.0% in the third quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock worth $92,053,000 after buying an additional 253,396 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in MACOM Technology Solutions by 20.9% in the third quarter. The Manufacturers Life Insurance Company now owns 515,461 shares of the semiconductor company’s stock worth $42,051,000 after buying an additional 89,191 shares during the last quarter. Principal Financial Group Inc. raised its holdings in MACOM Technology Solutions by 139.9% in the third quarter. Principal Financial Group Inc. now owns 494,621 shares of the semiconductor company’s stock worth $40,351,000 after buying an additional 288,408 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 12.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 440,481 shares of the semiconductor company’s stock worth $35,934,000 after buying an additional 47,932 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on MTSI shares. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research note on Thursday, April 18th. Needham & Company LLC lifted 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 note on Friday, February 2nd. Piper Sandler reiterated a “neutral” rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price target for the company. Finally, TheStreet lowered shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $99.67.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,370 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,370 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Susan Ocampo sold 200,000 shares of the company’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the transaction, the director now owns 7,645,668 shares of the company’s stock, valued at $629,926,586.52. The disclosure for this sale can be found here. Insiders sold a total of 811,058 shares of company stock worth $68,674,574 over the last three months. 22.75% of the stock is currently owned by company insiders.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $101.71 on Friday. The firm has a 50 day moving average of $94.58 and a 200 day moving average of $87.54. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 97.80, a price-to-earnings-growth ratio of 6.37 and a beta of 1.64. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $48.53 and a 12-month high of $104.90.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $157.15 million during the quarter, compared to analyst estimates of $151.12 million. MACOM Technology Solutions had a net margin of 11.93% and a return on equity of 14.85%. On average, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current 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.