MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,826 shares of the semiconductor company’s stock after purchasing an additional 271 shares during the period. Retirement Systems of Alabama’s holdings in MACOM Technology Solutions were worth $12,968,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westfield Capital Management Co. LP boosted its position in MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after buying an additional 210,151 shares during the last quarter. Geode Capital Management LLC boosted its holdings in MACOM Technology Solutions by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock valued at $113,044,000 after purchasing an additional 46,812 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Jennison Associates LLC increased its holdings in MACOM Technology Solutions by 0.5% during the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock worth $69,172,000 after purchasing an additional 2,646 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after purchasing an additional 182,058 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at $5,806,381. This represents a 14.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan Ocampo sold 25,351 shares of MACOM Technology Solutions stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total value of $3,296,897.55. Following the sale, the director now directly owns 6,046,676 shares in the company, valued at $786,370,213.80. The trade was a 0.42 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,532 shares of company stock worth $27,902,795. Insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MTSI. Benchmark raised their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Northland Securities lifted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Finally, Piper Sandler boosted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI opened at $127.21 on Friday. The stock has a market capitalization of $9.46 billion, a P/E ratio of 123.51, a P/E/G ratio of 2.32 and a beta of 1.71. The firm’s 50-day moving average price is $135.97 and its two-hundred day moving average price is $119.82. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $80.40 and a 52-week high of $152.50. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data 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 net margin of 10.53% and a return on equity of 12.91%. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.71 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.