Louisiana State Employees Retirement System Has $2.09 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Louisiana State Employees Retirement System increased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,100 shares of the semiconductor company’s stock after buying an additional 100 shares during the quarter. Louisiana State Employees Retirement System’s holdings in MACOM Technology Solutions were worth $2,092,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its holdings in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares during the period. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $33,000. ORG Wealth Partners LLC bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $36,000. Quarry LP acquired a new position in shares of MACOM Technology Solutions during the third quarter worth about $57,000. Finally, Blue Trust Inc. grew its holdings in shares of MACOM Technology Solutions by 122.2% during the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after buying an additional 264 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Insider Activity at MACOM Technology Solutions

In other news, SVP Ambra R. Roth sold 1,366 shares of the business’s 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. The trade was a 17.23 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 1,789 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $125.00, for a total transaction of $223,625.00. Following the transaction, the director now directly owns 5,912,219 shares in the company, valued at approximately $739,027,375. This represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 139,828 shares of company stock worth $18,070,919. Insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on MTSI. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Piper Sandler lifted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Finally, Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $123.12 on Friday. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $9.15 billion, a P/E ratio of -85.50, a P/E/G ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $82.36 and a 12 month high of $152.50. The stock has a 50 day moving average of $134.27 and a 200-day moving average of $120.56.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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%. As a group, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

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.