1,595 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Purchased by Claret Asset Management Corp

Claret Asset Management Corp acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,595 shares of the semiconductor company’s stock, valued at approximately $207,000.

Several other large investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System grew its holdings 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 worth $2,092,000 after acquiring an additional 100 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock valued at $930,000 after purchasing an additional 100 shares in the last quarter. UMB Bank n.a. increased 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 valued at $31,000 after purchasing an additional 101 shares in the last quarter. Quadrant Capital Group LLC lifted its holdings in MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock worth $174,000 after buying an additional 101 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its position in MACOM Technology Solutions by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock valued at $292,000 after buying an additional 112 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the sale, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction 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 in the company, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 743,948 shares of company stock valued at $92,210,640 over the last ninety days. 16.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Stifel Nicolaus reduced their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Truist Financial initiated coverage on MACOM Technology Solutions in a report on Friday, April 11th. They set a “buy” rating and a $125.00 target price on the stock. BNP Paribas raised shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a research note on Wednesday, April 9th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.83.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $97.29 on Friday. The company has a market capitalization of $7.23 billion, a price-to-earnings ratio of -67.56, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The business has a 50-day moving average of $106.97 and a 200-day moving average of $121.38.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate 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, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.