FORA Capital LLC Takes $387,000 Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

FORA Capital LLC bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,981 shares of the semiconductor company’s stock, valued at approximately $387,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after purchasing an additional 368,979 shares during the period. Price T Rowe Associates Inc. MD boosted its position in MACOM Technology Solutions by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock valued at $519,399,000 after buying an additional 1,120,510 shares during the period. Geode Capital Management LLC grew its stake in shares of MACOM Technology Solutions by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company’s stock worth $132,882,000 after acquiring an additional 6,784 shares in the last quarter. Norges Bank purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $82,833,000. Finally, Jennison Associates LLC raised its stake in shares of MACOM Technology Solutions by 0.5% in the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock valued at $69,172,000 after acquiring an additional 2,646 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $118.08 on Friday. The stock has a market capitalization of $8.78 billion, a price-to-earnings ratio of -82.00, a PEG ratio of 2.42 and a beta of 1.36. The firm’s fifty day simple moving average is $103.46 and its 200-day simple moving average is $120.85. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The business had revenue of $235.89 million during the quarter, compared to analysts’ expectations of $230.04 million. During the same period in the prior year, the company earned $0.59 earnings per share. The business’s revenue was up 30.2% compared to the same quarter last year. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now directly owns 14,031 shares in the company, valued at $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the sale, the senior vice president now owns 35,603 shares of the company’s stock, valued at approximately $3,560,300. The trade was a 15.38 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 743,064 shares of company stock worth $91,879,525. 16.30% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MTSI. Stifel Nicolaus reduced their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Barclays boosted their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.91.

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.