EULAV Asset Management Makes New Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

EULAV Asset Management acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 75,046 shares of the semiconductor company’s stock, valued at approximately $9,749,000. EULAV Asset Management owned about 0.10% of MACOM Technology Solutions as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the stock. UMB Bank n.a. grew its holdings in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions in the 4th quarter valued at $36,000. Blue Trust Inc. raised its holdings in MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 264 shares during the period. Quarry LP acquired a new position in MACOM Technology Solutions during the 3rd quarter worth $57,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in MACOM Technology Solutions during the third quarter valued at about $66,000. 76.14% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

MTSI has been the subject of several research analyst reports. Northland Securities boosted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Piper Sandler upped their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays raised their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Benchmark upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $128.00.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $127.21 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $80.40 and a twelve month high of $152.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The firm has a market cap of $9.46 billion, a P/E ratio of 123.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71. The firm’s 50-day simple moving average is $135.97 and its 200-day simple moving average is $119.82.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a net margin of 10.53% and a return on equity of 12.91%. As a group, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In related news, SVP Robert Dennehy sold 2,539 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total transaction of $306,711.20. Following the completion of the sale, the senior vice president now directly owns 31,206 shares of the company’s stock, valued at $3,769,684.80. This trade represents a 7.52 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the transaction, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 218,532 shares of company stock worth $27,902,795 over the last three months. Company insiders own 16.30% of the company’s stock.

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.