AXQ Capital LP Buys 862 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

AXQ Capital LP raised its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 20.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,071 shares of the semiconductor company’s stock after purchasing an additional 862 shares during the period. AXQ Capital LP’s holdings in MACOM Technology Solutions were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of MTSI. Westfield Capital Management Co. LP lifted its position in shares of MACOM Technology Solutions by 21.0% during 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. Charles Schwab Investment Management Inc. lifted its holdings in MACOM Technology Solutions by 52.2% during the third 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 during the last quarter. The Manufacturers Life Insurance Company boosted its position in MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares during the period. Cinctive Capital Management LP increased its stake in shares of MACOM Technology Solutions by 744.5% in the third quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company’s stock worth $9,859,000 after purchasing an additional 78,116 shares in the last quarter. Finally, EULAV Asset Management bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $9,749,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at MACOM Technology Solutions

In other news, CFO John Kober sold 2,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the sale, the chief financial officer now owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock valued at $92,503,343 over the last 90 days. 16.30% of the stock is owned by insiders.

Analyst Ratings Changes

MTSI has been the subject of a number of recent research reports. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $106.89 on Friday. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $122.61 and a 200-day moving average price of $122.26. The company has a market cap of $7.95 billion, a PE ratio of -74.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $90.01 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 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%. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal 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.