Teacher Retirement System of Texas Has $2.67 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Teacher Retirement System of Texas increased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 405.0% during the fourth quarter, Holdings Channel.com reports. The fund owned 20,575 shares of the semiconductor company’s stock after purchasing an additional 16,501 shares during the quarter. Teacher Retirement System of Texas’ holdings in MACOM Technology Solutions were worth $2,673,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Thrivent Financial for Lutherans increased its holdings in shares of MACOM Technology Solutions by 2.5% during the third quarter. Thrivent Financial for Lutherans now owns 13,568 shares of the semiconductor company’s stock worth $1,510,000 after purchasing an additional 327 shares during the period. Pathstone Holdings LLC increased its stake in MACOM Technology Solutions by 7.5% during the 3rd quarter. Pathstone Holdings LLC now owns 18,553 shares of the semiconductor company’s stock worth $2,064,000 after acquiring an additional 1,294 shares during the period. Intech Investment Management LLC acquired a new position in MACOM Technology Solutions in the 3rd quarter valued at $279,000. Charles Schwab Investment Management Inc. lifted its position in shares of MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after acquiring an additional 182,058 shares during the period. Finally, Citigroup Inc. grew its holdings in shares of MACOM Technology Solutions by 46.2% during the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after purchasing an additional 21,786 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 97,527 shares of the business’s stock in a transaction on 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 sale, the director now owns 4,689,225 shares of the company’s stock, valued at $581,839,038. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares of the company’s stock, valued at $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock worth $92,503,343 in the last ninety days. Company insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the subject of several recent analyst reports. Northland Securities raised shares of 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 raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two research 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 MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Stock Down 0.5 %

Shares of MTSI opened at $112.24 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $90.01 and a 52 week high of $152.50. The stock has a market capitalization of $8.34 billion, a price-to-earnings ratio of -77.94, a PEG ratio of 2.42 and a beta of 1.74. The stock has a fifty day moving average of $121.77 and a 200-day moving average of $122.63.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates 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, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

About MACOM Technology Solutions

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.