Premier Fund Managers Ltd Invests $6.06 Million in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Premier Fund Managers Ltd purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, Holdings Channel.com reports. The fund purchased 110,313 shares of the semiconductor company’s stock, valued at approximately $6,055,000.

Several other large investors also recently bought and sold shares of MTSI. Nisa Investment Advisors LLC raised its holdings in shares of MACOM Technology Solutions by 252.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 1,885 shares of the semiconductor company’s stock worth $64,000 after purchasing an additional 1,350 shares during the period. Columbus Circle Investors raised its holdings in shares of MACOM Technology Solutions by 66.7% in the 3rd quarter. Columbus Circle Investors now owns 593,892 shares of the semiconductor company’s stock worth $20,198,000 after purchasing an additional 237,591 shares during the period. BNP Paribas Arbitrage SA raised its holdings in shares of MACOM Technology Solutions by 65.8% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 15,554 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 6,173 shares during the period. Sciencast Management LP bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $286,000. Finally, Garnet Equity Capital Holdings Inc. bought a new stake in MACOM Technology Solutions during the 3rd quarter valued at $4,421,000. 69.16% of the stock is currently owned by institutional investors.

Shares of MACOM Technology Solutions stock traded down $3.08 during trading on Tuesday, hitting $62.04. The stock had a trading volume of 5,756 shares, compared to its average volume of 534,753. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of -75.72, a P/E/G ratio of 1.56 and a beta of 2.32. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $15.03 and a 12 month high of $69.29. The business’s 50-day moving average is $62.19 and its 200 day moving average is $45.69. The company has a current ratio of 5.07, a quick ratio of 4.11 and a debt-to-equity ratio of 2.27.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, January 28th. The semiconductor company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The firm had revenue of $148.50 million for the quarter, compared to analysts’ expectations of $147.93 million. MACOM Technology Solutions had a negative net margin of 8.69% and a positive return on equity of 10.47%. The business’s quarterly revenue was up 24.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.07 earnings per share. As a group, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.12 EPS for the current year.

In related news, SVP Douglas J. Carlson sold 2,345 shares of the company’s stock in a transaction on Tuesday, December 1st. The shares were sold at an average price of $44.42, for a total value of $104,164.90. Following the completion of the transaction, the senior vice president now directly owns 89,968 shares in the company, valued at $3,996,378.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman John L. Ocampo sold 35,431 shares of the company’s stock in a transaction dated Friday, November 27th. The shares were sold at an average price of $45.14, for a total transaction of $1,599,355.34. The disclosure for this sale can be found here. Insiders sold 54,180 shares of company stock valued at $2,485,615 over the last quarter. 32.20% of the stock is owned by company insiders.

MTSI has been the topic of a number of analyst reports. Northland Securities boosted their target price on shares of MACOM Technology Solutions from $45.00 to $61.00 and gave the company an “outperform” rating in a report on Monday, February 1st. Needham & Company LLC boosted their target price on shares of MACOM Technology Solutions from $50.00 to $65.00 and gave the company a “buy” rating in a report on Friday, January 29th. They noted that the move was a valuation call. Barclays raised shares of MACOM Technology Solutions from an “equal weight” rating to an “overweight” rating in a report on Thursday, January 28th. Cowen boosted their target price on shares of MACOM Technology Solutions from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Friday, November 6th. Finally, Piper Sandler boosted their target price on shares of MACOM Technology Solutions from $60.00 to $70.00 and gave the company an “overweight” rating in a report on Wednesday, January 13th. One research analyst has rated the stock with a sell rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $51.60.

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, the Asia Pacific, and internationally.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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