Xponance Inc. Raises Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Xponance Inc. lifted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,533 shares of the semiconductor company’s stock after acquiring an additional 401 shares during the quarter. Xponance Inc.’s holdings in MACOM Technology Solutions were worth $849,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MTSI. Louisiana State Employees Retirement System raised its stake in MACOM Technology Solutions by 0.6% during the 4th quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock valued at $2,092,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. grew its holdings in shares of 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 acquiring an additional 101 shares during the period. EP Wealth Advisors LLC lifted its holdings in 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 valued at $302,000 after acquiring an additional 110 shares during the period. CIBC Asset Management Inc lifted its holdings in MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 112 shares during the period. Finally, Arizona State Retirement System boosted its position in MACOM Technology Solutions by 0.7% in the fourth quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company’s stock worth $2,174,000 after purchasing an additional 122 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the completion of the transaction, the director now directly owns 4,823,636 shares of the company’s stock, valued at approximately $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 746,198 shares of company stock worth $92,503,343. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $112.84 on Tuesday. The stock has a market cap of $8.39 billion, a PE ratio of -78.36, a P/E/G ratio of 2.42 and a beta of 1.74. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The business’s 50-day simple moving average is $122.25 and its two-hundred day simple moving average is $122.51. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $90.01 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last posted 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 positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTSI has been the topic of several recent research reports. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and set a $160.00 price objective 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 given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

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.