Virtu Financial LLC Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Virtu Financial LLC acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, HoldingsChannel reports. The firm acquired 3,578 shares of the semiconductor company’s stock, valued at approximately $333,000.

A number of other institutional investors have also recently made changes to their positions in MTSI. Harvest Fund Management Co. Ltd purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $69,000. RiverPark Advisors LLC grew its position in shares of MACOM Technology Solutions by 29.1% during the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock valued at $86,000 after purchasing an additional 208 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $156,000. EP Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions during the third quarter valued at about $208,000. Finally, Pathstone Family Office LLC purchased a new position in shares of MACOM Technology Solutions during the third quarter valued at about $209,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling at MACOM Technology Solutions

In other news, CFO John Kober sold 13,666 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the transaction, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CFO John Kober sold 13,666 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the transaction, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 7,326 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $102.01, for a total value of $747,325.26. Following the transaction, the director now directly owns 7,894,952 shares in the company, valued at approximately $805,364,053.52. The disclosure for this sale can be found here. Insiders have sold 533,427 shares of company stock valued at $54,860,618 in the last quarter. 22.75% of the stock is owned by insiders.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $107.18 on Thursday. The stock’s fifty day moving average is $101.58 and its two-hundred day moving average is $94.03. The company has a market capitalization of $7.73 billion, a PE ratio of 121.80, a price-to-earnings-growth ratio of 5.47 and a beta of 1.67. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $58.78 and a 52 week high of $107.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). The business had revenue of $181.23 million during the quarter, compared to the consensus estimate of $180.97 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on MTSI. Jefferies Financial Group restated a “buy” rating and set a $135.00 price objective (up previously from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Evercore ISI began coverage on shares of MACOM Technology Solutions in a report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price target for the company. Stifel Nicolaus increased their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a report on Thursday, April 18th. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, May 3rd. Finally, Barclays increased their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $111.00.

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.