Mercer Global Advisors Inc. ADV Makes New $405,000 Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Mercer Global Advisors Inc. ADV acquired a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the second quarter, HoldingsChannel reports. The institutional investor acquired 3,450 shares of the semiconductor company’s stock, valued at approximately $405,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTSI. TFO Wealth Partners LLC lifted its stake in shares of MACOM Technology Solutions by 20,825.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,348 shares of the semiconductor company’s stock worth $311,000 after buying an additional 3,332 shares in the last quarter. Capstone Investment Advisors LLC bought a new position in shares of MACOM Technology Solutions in the fourth quarter worth approximately $212,000. Alberta Investment Management Corp lifted its stake in shares of MACOM Technology Solutions by 44.3% in the fourth quarter. Alberta Investment Management Corp now owns 21,569 shares of the semiconductor company’s stock worth $2,005,000 after buying an additional 6,620 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of MACOM Technology Solutions by 4.6% in the fourth quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock worth $50,123,000 after buying an additional 23,788 shares in the last quarter. Finally, Public Employees Retirement Association of Colorado lifted its stake in shares of MACOM Technology Solutions by 2,240.1% in the fourth quarter. Public Employees Retirement Association of Colorado now owns 102,029 shares of the semiconductor company’s stock worth $9,484,000 after buying an additional 97,669 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the transaction, the senior vice president now directly owns 37,148 shares of the company’s stock, valued at $3,884,566.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Donghyun Thomas Hwang sold 4,375 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total transaction of $457,493.75. Following the completion of the transaction, the senior vice president now directly owns 37,148 shares of the company’s stock, valued at $3,884,566.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 305,395 shares of MACOM Technology Solutions stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the completion of the transaction, the director now directly owns 6,550,889 shares of the company’s stock, valued at $697,538,660.72. The disclosure for this sale can be found here. Insiders sold a total of 659,861 shares of company stock valued at $69,961,783 over the last three months. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $111.52 on Friday. The firm has a fifty day moving average price of $102.71 and a 200-day moving average price of $102.62. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The stock has a market cap of $8.04 billion, a PE ratio of 126.73, a price-to-earnings-growth ratio of 5.46 and a beta of 1.70. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $68.58 and a 1 year high of $118.76.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.66. The firm had revenue of $190.50 million during the quarter, compared to analysts’ expectations of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company’s revenue for the quarter was up 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.42 earnings per share. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of research analyst reports. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Stifel Nicolaus increased their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Barclays increased their price objective on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. increased their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Finally, Benchmark restated a “buy” rating and set a $120.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, September 12th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $117.00.

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.