KLP Kapitalforvaltning AS Invests $1.56 Million in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

KLP Kapitalforvaltning AS bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,000 shares of the semiconductor company’s stock, valued at approximately $1,559,000.

Several other institutional investors also recently bought and sold shares of MTSI. UMB Bank n.a. raised its position in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions during the 4th quarter worth about $35,000. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $36,000. Finally, Smartleaf Asset Management LLC raised its position in MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Down 3.4 %

MTSI opened at $98.47 on Friday. The company has a 50-day moving average price of $119.31 and a 200 day moving average price of $122.37. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $90.01 and a twelve month high of $152.50. The company has a market cap of $7.32 billion, a PE ratio of -68.38, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate 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%. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have commented on MTSI. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 97,527 shares of the stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the sale, the director now owns 4,689,225 shares in the company, valued at approximately $581,839,038. This represents a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO John Kober sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the sale, the chief financial officer now owns 49,239 shares of the company’s stock, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 746,198 shares of company stock valued at $92,503,343. Corporate insiders own 16.30% of the company’s stock.

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.