International Assets Investment Management LLC Makes New $156,000 Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

International Assets Investment Management LLC purchased a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 1,673 shares of the semiconductor company’s stock, valued at approximately $156,000.

Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new stake in shares of MACOM Technology Solutions during the third quarter worth $1,644,000. Asset Management One Co. Ltd. increased its holdings in 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 purchasing an additional 294 shares in the last quarter. Verdence Capital Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $236,000. Strs Ohio lifted its holdings in shares of MACOM Technology Solutions by 54.5% in the third quarter. Strs Ohio now owns 5,100 shares of the semiconductor company’s stock valued at $416,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Advisor Partners II LLC acquired a new position in shares of MACOM Technology Solutions during the third quarter worth about $220,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 2,210 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $83.79, for a total value of $185,175.90. Following the transaction, the senior vice president now directly owns 35,197 shares of the company’s stock, valued at $2,949,156.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 9,397 shares of the company’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the transaction, the senior vice president now directly owns 48,325 shares of the company’s stock, valued at approximately $4,457,498. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Robert Dennehy sold 2,210 shares of MACOM Technology Solutions stock in a transaction on Monday, February 12th. The stock was sold at an average price of $83.79, for a total value of $185,175.90. Following the sale, the senior vice president now directly owns 35,197 shares of the company’s stock, valued at approximately $2,949,156.63. The disclosure for this sale can be found here. Insiders sold a total of 804,824 shares of company stock valued at $68,127,415 over the last ninety days. 22.75% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MTSI has been the topic of several research reports. Needham & Company LLC boosted their target price on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price objective on the stock. Piper Sandler reaffirmed a “neutral” rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Barclays increased their price objective on shares of 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, Stifel Nicolaus lifted their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Two investment 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 stock has a consensus rating of “Moderate Buy” and a consensus target price of $99.67.

MACOM Technology Solutions Stock Up 1.1 %

Shares of MTSI stock opened at $101.71 on Monday. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $48.53 and a 52-week high of $104.90. 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 stock has a market cap of $7.33 billion, a price-to-earnings ratio of 97.80, a PEG ratio of 6.44 and a beta of 1.64. The firm’s 50-day moving average is $94.58 and its 200-day moving average is $87.60.

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 the consensus estimate of $0.43. The firm had revenue of $157.15 million for 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%. Sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.02 EPS for the current year.

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.