Twinbeech Capital LP Buys Shares of 53,145 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Twinbeech Capital LP purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, Holdings Channel reports. The fund purchased 53,145 shares of the semiconductor company’s stock, valued at approximately $6,904,000.

Several other institutional investors and hedge funds also recently made changes to their positions in MTSI. Price T Rowe Associates Inc. MD grew 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 worth $519,399,000 after purchasing an additional 1,120,510 shares during the period. Norges Bank purchased a new position in shares of MACOM Technology Solutions during the 4th quarter worth $82,833,000. Vanguard Group Inc. lifted its stake in shares of MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after buying an additional 368,979 shares in the last quarter. Massachusetts Financial Services Co. MA purchased a new position in shares of MACOM Technology Solutions during the 4th quarter valued at $31,260,000. Finally, Nuveen Asset Management LLC lifted its stake in shares of MACOM Technology Solutions by 129.4% during the 4th quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company’s stock valued at $42,621,000 after buying an additional 185,075 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the business’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares of the company’s stock, valued at $3,560,300. The trade was a 15.38% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the business’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the completion of the sale, the director now directly owns 4,377,764 shares of the company’s stock, valued at approximately $541,004,075.12. This trade represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 408,944 shares of company stock valued at $50,408,791 in the last three months. Company insiders own 16.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the topic of several research analyst reports. 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. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 target price on the stock. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Bank of America reduced their target price 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, April 16th. Finally, Stifel Nicolaus reduced 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. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.50.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $122.53 on Tuesday. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of -85.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. 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 1 year low of $84.00 and a 1 year high of $152.50. The firm has a 50-day moving average of $105.76 and a two-hundred day moving average of $121.13.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million during the quarter, compared to analysts’ expectations of $230.04 million. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The firm’s quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.59 EPS. On average, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

MACOM Technology Solutions Company 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.