Algert Global LLC Invests $647,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Algert Global LLC bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,805 shares of the semiconductor company’s stock, valued at approximately $647,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MTSI. Opal Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $39,000. Riverview Trust Co purchased a new stake in MACOM Technology Solutions during the first quarter valued at $47,000. GAMMA Investing LLC lifted its position in MACOM Technology Solutions by 153.0% during the second quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock valued at $52,000 after purchasing an additional 283 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in MACOM Technology Solutions during the first quarter valued at $77,000. Finally, FSC Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 2nd quarter worth $78,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Trading Up 2.0 %

NASDAQ MTSI opened at $110.22 on Friday. MACOM Technology Solutions Holdings, Inc. has a one year low of $68.58 and a one year high of $118.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The company has a market capitalization of $7.95 billion, a price-to-earnings ratio of 125.25, a price-to-earnings-growth ratio of 5.46 and a beta of 1.70. The company’s 50-day simple moving average is $103.35 and its two-hundred day simple moving average is $103.26.

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

Insider Transactions at MACOM Technology Solutions

In related news, SVP Robert Dennehy sold 6,915 shares of the firm’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $101.38, for a total transaction of $701,042.70. Following the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at $1,974,983.78. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 5,000 shares of MACOM Technology Solutions stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total value of $531,250.00. Following the transaction, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of the stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the sale, the senior vice president now owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 659,861 shares of company stock valued at $69,961,783. Corporate insiders own 22.75% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.