Securian Asset Management Inc. Acquires 139 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Securian Asset Management Inc. grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.2% in the first quarter, Holdings Channel reports. The institutional investor owned 4,517 shares of the semiconductor company’s stock after acquiring an additional 139 shares during the period. Securian Asset Management Inc.’s holdings in MACOM Technology Solutions were worth $453,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. boosted its stake in shares of MACOM Technology Solutions by 1.4% in the 4th 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. Quadrant Capital Group LLC lifted its holdings in MACOM Technology Solutions by 8.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company’s stock valued at $174,000 after purchasing an additional 101 shares in the last quarter. Corient Private Wealth LLC increased its position in MACOM Technology Solutions by 4.7% in the fourth quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company’s stock worth $394,000 after purchasing an additional 136 shares during the last quarter. Treasurer of the State of North Carolina increased its position in MACOM Technology Solutions by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 24,530 shares of the semiconductor company’s stock worth $3,187,000 after purchasing an additional 160 shares during the last quarter. Finally, Signaturefd LLC increased its position in MACOM Technology Solutions by 8.3% during the fourth quarter. Signaturefd LLC now owns 2,211 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 169 shares during the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Up 2.9%

MTSI opened at $141.76 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86. The company has a market capitalization of $10.54 billion, a PE ratio of -116.20, a price-to-earnings-growth ratio of 2.66 and a beta of 1.43. The business has a 50-day moving average of $130.98 and a 200-day moving average of $121.10. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million for the quarter, compared to analyst estimates of $230.04 million. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. MACOM Technology Solutions’s revenue for the quarter was up 30.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.59 EPS. Equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO John Kober sold 2,250 shares of the company’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $125.65, for a total transaction of $282,712.50. Following the completion of the transaction, the chief financial officer directly owned 47,128 shares of the company’s stock, valued at $5,921,633.20. This represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total value of $586,308.96. Following the transaction, the senior vice president directly owned 30,659 shares of the company’s stock, valued at $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 454,227 shares of company stock valued at $56,118,317 in the last ninety days. 16.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on MTSI shares. Barclays increased their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Truist Financial upped their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a report on Monday, July 7th. Stifel Nicolaus decreased 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 research report on Thursday, April 17th. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a research note on Wednesday, April 9th. Finally, Wall Street Zen downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $136.40.

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.