Alpha DNA Investment Management LLC Buys Shares of 3,253 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Alpha DNA Investment Management LLC purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,253 shares of the semiconductor company’s stock, valued at approximately $423,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. M&T Bank Corp bought a new stake in shares of MACOM Technology Solutions during the third quarter worth $221,000. Sanctuary Advisors LLC purchased a new stake in MACOM Technology Solutions in the 3rd quarter valued at about $230,000. Wilmington Savings Fund Society FSB bought a new position in MACOM Technology Solutions in the 3rd quarter worth about $111,000. Tidal Investments LLC increased its position in shares of MACOM Technology Solutions by 16.8% during the third quarter. Tidal Investments LLC now owns 15,071 shares of the semiconductor company’s stock worth $1,677,000 after acquiring an additional 2,169 shares during the period. Finally, Retirement Systems of Alabama raised its stake in shares of MACOM Technology Solutions by 2.6% during the third quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company’s stock valued at $11,076,000 after acquiring an additional 2,517 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the sale, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Susan Ocampo sold 45,773 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the sale, the director now owns 5,509,746 shares in the company, valued at $690,646,661.10. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is owned by company insiders.

Analyst Ratings Changes

MTSI has been the topic of several research reports. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Truist Financial assumed coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They set a “buy” rating and a $125.00 price target on the stock. Stifel Nicolaus dropped their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Finally, Bank of America cut their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.83.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $97.29 on Friday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The company has a market cap of $7.23 billion, a PE ratio of -67.56, a P/E/G ratio of 2.42 and a beta of 1.72. 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 business has a 50-day simple moving average of $106.97 and a two-hundred day simple moving average of $121.38.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results 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 positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal 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.