Public Employees Retirement Association of Colorado Grows Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Public Employees Retirement Association of Colorado grew its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 48.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 174,744 shares of the semiconductor company’s stock after purchasing an additional 56,992 shares during the quarter. Public Employees Retirement Association of Colorado owned approximately 0.24% of MACOM Technology Solutions worth $19,479,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MTSI. Vanguard Group Inc. lifted its holdings in MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares in the last quarter. Norges Bank bought a new position in MACOM Technology Solutions in the fourth quarter worth approximately $44,250,000. G2 Investment Partners Management LLC purchased a new position in MACOM Technology Solutions during the 4th quarter worth $2,198,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of MACOM Technology Solutions by 1,533.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock worth $114,765,000 after buying an additional 1,159,076 shares during the period. Finally, Sei Investments Co. grew its position in shares of MACOM Technology Solutions by 14.4% during the 1st quarter. Sei Investments Co. now owns 297,615 shares of the semiconductor company’s stock worth $28,464,000 after buying an additional 37,407 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 4,375 shares of the stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $104.57, for a total value of $457,493.75. Following the sale, the senior vice president now owns 37,148 shares in the company, valued at $3,884,566.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Robert Dennehy sold 6,915 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total transaction of $701,042.70. Following the completion of the transaction, the senior vice president now directly owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,375 shares of the stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $104.57, for a total transaction of $457,493.75. Following the sale, the senior vice president now directly owns 37,148 shares in the company, valued at $3,884,566.36. The disclosure for this sale can be found here. In the last ninety days, insiders sold 659,861 shares of company stock worth $69,961,783. Company insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $103.70 on Friday. The business has a fifty day moving average of $102.78 and a 200 day moving average of $102.04. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $68.58 and a 1 year high of $118.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The firm has a market capitalization of $7.48 billion, a price-to-earnings ratio of 117.84, a price-to-earnings-growth ratio of 5.18 and a beta of 1.70.

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

About MACOM Technology Solutions

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.