Squarepoint Ops LLC Has $1.44 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Squarepoint Ops LLC lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 42.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 12,946 shares of the semiconductor company’s stock after selling 9,460 shares during the quarter. Squarepoint Ops LLC’s holdings in MACOM Technology Solutions were worth $1,443,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Harber Asset Management LLC increased its stake in shares of MACOM Technology Solutions by 17.2% in the 4th quarter. Harber Asset Management LLC now owns 97,411 shares of the semiconductor company’s stock valued at $9,054,000 after buying an additional 14,268 shares during the period. G2 Investment Partners Management LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth about $2,198,000. Price T Rowe Associates Inc. MD lifted its position in MACOM Technology Solutions by 1,533.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock valued at $114,765,000 after purchasing an additional 1,159,076 shares during the period. Virtu Financial LLC acquired a new position in MACOM Technology Solutions during the 4th quarter valued at about $333,000. Finally, Bridge City Capital LLC boosted its stake in shares of MACOM Technology Solutions by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 39,416 shares of the semiconductor company’s stock valued at $3,770,000 after purchasing an additional 309 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $106.25, for a total value of $531,250.00. Following the sale, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 6,683 shares of MACOM Technology Solutions stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total transaction of $713,610.74. Following the completion of the sale, the senior vice president now owns 26,396 shares in the company, valued at $2,818,564.88. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 659,861 shares of company stock valued at $69,961,783 over the last three months. Company insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $110.22 on Friday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $68.58 and a 52 week high of $118.76. The company’s 50 day moving average price is $103.35 and its two-hundred day moving average price is $103.26. The company has a market capitalization of $7.95 billion, a P/E ratio of 125.25, a price-to-earnings-growth ratio of 5.46 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, hitting analysts’ consensus estimates of $0.66. The business 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%. The firm’s quarterly revenue was up 5.0% on a year-over-year basis. During the same period last year, the business posted $0.42 earnings per share. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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