Hilton Capital Management LLC Increases Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Hilton Capital Management LLC lifted its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,159 shares of the semiconductor company’s stock after acquiring an additional 848 shares during the quarter. Hilton Capital Management LLC’s holdings in MACOM Technology Solutions were worth $2,359,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions in the 4th quarter worth $35,000. Citigroup Inc. raised its stake in MACOM Technology Solutions by 46.2% in 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 lifted its holdings in MACOM Technology Solutions by 21.0% in 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 during the period. Algert Global LLC boosted its position in MACOM Technology Solutions by 103.6% during the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 6,015 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after acquiring an additional 116,090 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the completion of the transaction, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. This trade represents a 4.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock worth $92,503,343 over the last quarter. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $104.21 on Friday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $88.18 and a 52 week high of $152.50. The company has a 50 day moving average price of $126.38 and a 200 day moving average price of $122.14. 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 firm has a market capitalization of $7.75 billion, a P/E ratio of -72.37, a PEG ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (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%. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Benchmark restated a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions has a consensus rating of “Moderate Buy” and an average 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.