MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Allworth Financial LP

Allworth Financial LP grew its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 131.3% in the first quarter, according to its most recent filing with the SEC. The fund owned 347 shares of the semiconductor company’s stock after acquiring an additional 197 shares during the period. Allworth Financial LP’s holdings in MACOM Technology Solutions were worth $37,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of MTSI. Opal Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the first quarter worth $25,000. Elequin Capital LP acquired a new position in MACOM Technology Solutions during the fourth quarter worth $26,000. Versant Capital Management Inc raised its stake in shares of MACOM Technology Solutions by 9,400.0% in the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 282 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $42,000. Finally, UMB Bank n.a. raised its holdings in MACOM Technology Solutions by 182.7% in the 1st quarter. UMB Bank n.a. now owns 670 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 433 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Up 0.2%

MTSI opened at $142.11 on Friday. The company has a market capitalization of $10.56 billion, a P/E ratio of -116.48, a P/E/G ratio of 2.73 and a beta of 1.43. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86. The firm’s fifty day moving average price is $131.46 and its two-hundred day moving average price is $121.19. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The business had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. During the same period in the previous year, the business earned $0.59 EPS. The firm’s revenue was up 30.2% on a year-over-year basis. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

MTSI has been the topic of several research analyst reports. Benchmark reaffirmed a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a report on Wednesday, April 9th. Wall Street Zen lowered MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Barclays raised their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Finally, Stifel Nicolaus boosted their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.90.

Insider Buying and Selling at MACOM Technology Solutions

In other news, CEO Stephen G. Daly sold 14,665 shares of the company’s stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $122.71, for a total value of $1,799,542.15. Following the sale, the chief executive officer owned 36,327 shares of the company’s stock, valued at approximately $4,457,686.17. This represents a 28.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Robert Dennehy sold 5,000 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the transaction, the senior vice president directly owned 15,680 shares of the company’s stock, valued at $2,201,785.60. This represents a 24.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 454,227 shares of company stock worth $56,118,317 over the last three months. 16.30% of the stock is currently owned by insiders.

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.