Creative Planning Boosts Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Creative Planning boosted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 11.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,421 shares of the semiconductor company’s stock after purchasing an additional 1,059 shares during the period. Creative Planning’s holdings in MACOM Technology Solutions were worth $1,159,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock worth $592,395,000 after purchasing an additional 465,759 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in MACOM Technology Solutions by 12.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock worth $132,821,000 after buying an additional 154,066 shares in the last quarter. Millennium Management LLC grew its position in MACOM Technology Solutions by 958.1% during the second quarter. Millennium Management LLC now owns 1,338,600 shares of the semiconductor company’s stock worth $149,214,000 after buying an additional 1,212,094 shares during the period. Dimensional Fund Advisors LP increased its holdings in MACOM Technology Solutions by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after buying an additional 69,689 shares in the last quarter. Finally, Hood River Capital Management LLC lifted its position in shares of MACOM Technology Solutions by 280.5% during the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after acquiring an additional 519,603 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 95,743 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total value of $9,878,762.74. Following the transaction, the director now directly owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Stephen G. Daly sold 21,012 shares of MACOM Technology Solutions stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the transaction, the chief executive officer now owns 64,472 shares in the company, valued at approximately $7,053,236.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 95,743 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the sale, the director now directly owns 6,876,284 shares of the company’s stock, valued at approximately $709,494,983.12. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 669,396 shares of company stock worth $71,106,808 in the last quarter. 22.75% of the stock is owned by insiders.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $112.40 on Friday. The business’s 50-day moving average price is $108.39 and its 200 day moving average price is $105.39. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $68.58 and a twelve month high of $122.60. The company has a market capitalization of $8.11 billion, a PE ratio of 114.69, a price-to-earnings-growth ratio of 4.63 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.66. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The business had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $190.42 million. During the same period last year, the company earned $0.42 earnings per share. The company’s quarterly revenue was up 5.0% on a year-over-year basis. On average, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MTSI shares. Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. JPMorgan Chase & Co. increased their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Benchmark reiterated a “buy” rating and set a $120.00 target price on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Finally, Needham & Company LLC boosted their price target on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $120.00.

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.