Norges Bank Invests $44.25 Million in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Norges Bank acquired a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 476,067 shares of the semiconductor company’s stock, valued at approximately $44,250,000. Norges Bank owned approximately 0.66% of MACOM Technology Solutions as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. RiverPark Advisors LLC purchased a new stake in shares of MACOM Technology Solutions during the third quarter valued at $58,000. Harvest Fund Management Co. Ltd purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at $69,000. Headlands Technologies LLC purchased a new stake in shares of MACOM Technology Solutions during the third quarter valued at $144,000. International Assets Investment Management LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at $156,000. Finally, EP Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions during the third quarter valued at $208,000. Institutional investors own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

MTSI has been the subject of several research analyst reports. Benchmark increased their price objective on MACOM Technology Solutions from $95.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Craig Hallum increased their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Barclays upped their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Stifel Nicolaus upped their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, TheStreet lowered MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $111.00.

Get Our Latest Stock Analysis on MTSI

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $101.97 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34. The firm has a market cap of $7.35 billion, a price-to-earnings ratio of 115.88, a P/E/G ratio of 5.21 and a beta of 1.65. The business’s 50-day simple moving average is $100.08 and its 200-day simple moving average is $91.90. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $58.40 and a 52 week high of $107.00.

MACOM Technology Solutions (NASDAQ:MTSIGet Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The company had revenue of $181.23 million for the quarter, compared to analyst estimates of $180.97 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. As a group, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO John Kober sold 13,666 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the transaction, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other MACOM Technology Solutions news, Director Susan Ocampo sold 16,396 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $105.01, for a total value of $1,721,743.96. Following the sale, the director now owns 6,988,517 shares of the company’s stock, valued at approximately $733,864,170.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kober sold 13,666 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total value of $1,407,324.68. Following the completion of the sale, the chief financial officer now directly owns 47,006 shares in the company, valued at approximately $4,840,677.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 528,704 shares of company stock valued at $54,239,243. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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