Aquatic Capital Management LLC Makes New $2.25 Million Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Aquatic Capital Management LLC acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, Holdings Channel.com reports. The firm acquired 17,316 shares of the semiconductor company’s stock, valued at approximately $2,250,000.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new position in MACOM Technology Solutions during the 4th quarter worth $35,000. Charles Schwab Investment Management Inc. increased its holdings in MACOM Technology Solutions by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock worth $69,157,000 after purchasing an additional 1,719 shares during the period. Assenagon Asset Management S.A. boosted its position in MACOM Technology Solutions by 22.5% during the 4th quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock valued at $12,756,000 after acquiring an additional 18,055 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 138 shares in the last quarter. Finally, Covea Finance boosted its position in MACOM Technology Solutions by 8.0% during the 4th quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock valued at $3,508,000 after acquiring an additional 2,000 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Down 2.1 %

MACOM Technology Solutions stock opened at $104.06 on Tuesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The stock has a market capitalization of $7.74 billion, a price-to-earnings ratio of -72.26, a PEG ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The business has a fifty day moving average price of $104.36 and a 200-day moving average price of $121.08.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (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%. Equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MTSI. Benchmark reaffirmed a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Barclays dropped their target price on MACOM Technology Solutions from $160.00 to $125.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a “buy” rating and a $125.00 target price on the stock. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $127.92.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the transaction, the director now owns 4,689,225 shares in the company, valued at approximately $581,839,038. This trade represents a 2.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now owns 14,031 shares of the company’s stock, valued at $1,706,309.91. The trade was a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 736,593 shares of company stock worth $91,232,425 in the last 90 days. Insiders own 16.30% of the company’s stock.

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.