New York State Common Retirement Fund Has $31.62 Million Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

New York State Common Retirement Fund decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 243,433 shares of the semiconductor company’s stock after selling 20,397 shares during the quarter. New York State Common Retirement Fund owned about 0.33% of MACOM Technology Solutions worth $31,624,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Citigroup Inc. grew its position in MACOM Technology Solutions by 46.2% during the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after buying an additional 21,786 shares in the last quarter. Westfield Capital Management Co. LP grew its position in MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after buying an additional 210,151 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after buying an additional 116,090 shares in the last quarter. Algert Global LLC grew its position in MACOM Technology Solutions by 103.6% during the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after buying an additional 6,015 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in MACOM Technology Solutions during the third quarter worth approximately $11,005,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MTSI. Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Benchmark reissued a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Stock Up 0.2 %

Shares of MTSI opened at $124.01 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $82.36 and a 52 week high of $152.50. The stock has a market capitalization of $9.22 billion, a price-to-earnings ratio of -86.12, a PEG ratio of 2.43 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The stock has a fifty day moving average of $133.23 and a 200-day moving average of $121.26.

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.

Insider Activity

In other news, Director Susan Ocampo sold 12,438 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $136.73, for a total value of $1,700,647.74. Following the completion of the transaction, the director now directly owns 6,500,755 shares in the company, valued at approximately $888,848,231.15. This represents a 0.19 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now directly owns 14,031 shares of the company’s stock, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 662,473 shares of company stock worth $82,292,578. 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.