Retirement Systems of Alabama Boosts Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Retirement Systems of Alabama boosted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 98,178 shares of the semiconductor company’s stock after acquiring an additional 998 shares during the period. Retirement Systems of Alabama owned 0.14% of MACOM Technology Solutions worth $9,390,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MTSI. Mariner LLC raised its holdings in shares of MACOM Technology Solutions by 3.3% during the 3rd quarter. Mariner LLC now owns 9,918 shares of the semiconductor company’s stock worth $809,000 after acquiring an additional 317 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in MACOM Technology Solutions during the third quarter worth about $295,000. The Manufacturers Life Insurance Company raised its stake in MACOM Technology Solutions by 20.9% during the third quarter. The Manufacturers Life Insurance Company now owns 515,461 shares of the semiconductor company’s stock worth $42,051,000 after purchasing an additional 89,191 shares during the period. Penserra Capital Management LLC boosted its holdings in MACOM Technology Solutions by 84.3% in the 3rd quarter. Penserra Capital Management LLC now owns 95,114 shares of the semiconductor company’s stock valued at $7,759,000 after purchasing an additional 43,494 shares during the last quarter. Finally, EP Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at approximately $208,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Up 2.0 %

Shares of MACOM Technology Solutions stock traded up $2.19 during trading hours on Friday, hitting $114.11. The company had a trading volume of 437,593 shares, compared to its average volume of 585,473. The company’s 50-day moving average is $103.99 and its two-hundred day moving average is $95.62. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $61.28 and a twelve month high of $114.60. The company has a debt-to-equity ratio of 0.47, a current ratio of 7.34 and a quick ratio of 5.70. The company has a market cap of $8.23 billion, a P/E ratio of 129.88, a price-to-earnings-growth ratio of 5.72 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The firm had revenue of $181.23 million for the quarter, compared to analysts’ expectations of $180.97 million. Analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on MTSI shares. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Craig Hallum lifted their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Barclays boosted their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a research report on Friday, May 3rd. Needham & Company LLC raised their price target on MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Evercore ISI initiated coverage on MACOM Technology Solutions in a report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and a consensus target price of $111.00.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 16,396 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $105.01, for a total transaction of $1,721,743.96. Following the transaction, the director now owns 6,988,517 shares of the company’s stock, valued at $733,864,170.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Charles R. Bland sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $102.39, for a total transaction of $255,975.00. Following the completion of the transaction, the director now owns 26,439 shares of the company’s stock, valued at approximately $2,707,089.21. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 16,396 shares of the stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $105.01, for a total transaction of $1,721,743.96. Following the transaction, the director now owns 6,988,517 shares in the company, valued at $733,864,170.17. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 533,427 shares of company stock worth $54,860,618. Corporate insiders own 22.75% of the company’s stock.

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.