Two Sigma Securities LLC Invests $680,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Two Sigma Securities LLC bought a new stake in 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 (SEC). The institutional investor bought 5,235 shares of the semiconductor company’s stock, valued at approximately $680,000.

A number of other large investors have also added to or reduced their stakes in MTSI. UMB Bank n.a. grew its stake 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 worth $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC bought a new position in shares of MACOM Technology Solutions in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new position in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $35,000. ORG Wealth Partners LLC bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC grew its stake in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 138 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction dated 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 owns 43,657 shares in the company, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 45,773 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the transaction, the director now directly owns 5,509,746 shares in the company, valued at $690,646,661.10. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock valued at $92,210,640 in the last quarter. 16.30% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MTSI. 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, April 17th. 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. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Truist Financial initiated coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a “buy” rating and a $125.00 price target on the stock. Finally, Benchmark reiterated a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and an average price target of $127.92.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $106.28 on Friday. 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’s 50-day moving average price is $104.75 and its 200-day moving average price is $121.07. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The company has a market cap of $7.90 billion, a PE ratio of -73.81, a PEG ratio of 2.42 and a beta of 1.72.

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

About MACOM Technology Solutions

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.