Virtu Financial LLC Makes New $1.03 Million Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Virtu Financial LLC bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 9,250 shares of the semiconductor company’s stock, valued at approximately $1,031,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC grew its holdings in shares of MACOM Technology Solutions by 9.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 7,195 shares of the semiconductor company’s stock worth $669,000 after acquiring an additional 611 shares during the period. Norges Bank bought a new position in MACOM Technology Solutions in the fourth quarter worth $44,250,000. Coldstream Capital Management Inc. purchased a new position in MACOM Technology Solutions during the fourth quarter valued at $210,000. Westfield Capital Management Co. LP bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $42,762,000. Finally, TFO Wealth Partners LLC boosted its holdings in shares of MACOM Technology Solutions by 20,825.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,348 shares of the semiconductor company’s stock valued at $311,000 after buying an additional 3,332 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Activity

In related news, CEO Stephen G. Daly sold 21,012 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the sale, the chief executive officer now owns 64,472 shares of the company’s stock, valued at approximately $7,053,236.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total transaction of $531,250.00. Following the completion of the transaction, the senior vice president now owns 41,523 shares in the company, valued at $4,411,818.75. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Stephen G. Daly sold 21,012 shares of MACOM Technology Solutions stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the completion of the sale, the chief executive officer now owns 64,472 shares in the company, valued at $7,053,236.80. The disclosure for this sale can be found here. Insiders have sold 652,946 shares of company stock worth $69,260,741 over the last ninety days. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Trading Down 1.5 %

MACOM Technology Solutions stock opened at $100.01 on Thursday. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $68.58 and a 12-month high of $118.76. The firm has a market capitalization of $7.21 billion, a price-to-earnings ratio of 113.65, a P/E/G ratio of 5.18 and a beta of 1.70. The firm has a 50 day moving average of $103.45 and a 200 day moving average of $101.96.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, meeting the consensus estimate of $0.66. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm earned $0.42 EPS. As a group, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on MTSI shares. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Benchmark reiterated a “buy” rating and issued a $120.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. JPMorgan Chase & Co. increased their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Barclays increased their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average price target of $117.00.

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.