Signaturefd LLC Raises Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Signaturefd LLC increased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 8.3% during the 4th quarter, HoldingsChannel reports. The fund owned 2,211 shares of the semiconductor company’s stock after buying an additional 169 shares during the period. Signaturefd LLC’s holdings in MACOM Technology Solutions were worth $287,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Louisiana State Employees Retirement System raised its position in shares of MACOM Technology Solutions by 0.6% in the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock worth $2,092,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. raised its holdings in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. EP Wealth Advisors LLC lifted its stake in shares of MACOM Technology Solutions by 4.2% in the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock worth $302,000 after buying an additional 110 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of MACOM Technology Solutions by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 112 shares during the last quarter. Finally, Arizona State Retirement System increased its position in shares of MACOM Technology Solutions by 0.7% during the fourth quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company’s stock valued at $2,174,000 after acquiring an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

MTSI has been the topic of several analyst reports. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction 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 transaction, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 746,198 shares of company stock valued at $92,503,343. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Trading Down 1.6 %

Shares of MTSI opened at $106.89 on Friday. The firm has a market cap of $7.95 billion, a P/E ratio of -74.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $90.01 and a 1 year high of $152.50. The company has a 50 day simple moving average of $122.61 and a two-hundred day simple moving average of $122.09.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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%. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.