HMS Capital Management LLC Purchases New Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

HMS Capital Management LLC purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 3,274 shares of the semiconductor company’s stock, valued at approximately $425,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of MTSI. Westfield Capital Management Co. LP raised its holdings in MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after buying an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after buying an additional 182,058 shares during the period. The Manufacturers Life Insurance Company raised its holdings in MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after buying an additional 116,090 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in MACOM Technology Solutions during the 3rd quarter valued at $11,005,000. Finally, Assenagon Asset Management S.A. purchased a new stake in MACOM Technology Solutions during the 3rd quarter valued at $8,916,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

MTSI opened at $121.87 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $81.14 and a 12-month high of $152.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 6.55. The business’s fifty day simple moving average is $134.90 and its 200-day simple moving average is $120.38.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,539 shares of the stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total value of $306,711.20. Following the completion of the sale, the senior vice president now directly owns 31,206 shares in the company, valued at approximately $3,769,684.80. This trade represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 238,954 shares of company stock valued at $30,343,543 over the last quarter. 16.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on MTSI. Benchmark restated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday. Piper Sandler increased their target price 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. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $105.00 to $140.00 in a research note on Monday. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday. Finally, Barclays increased their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

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.