Sumitomo Mitsui Trust Group Inc. Purchases 286 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Sumitomo Mitsui Trust Group Inc. lifted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 11.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,778 shares of the semiconductor company’s stock after acquiring an additional 286 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in MACOM Technology Solutions were worth $361,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in shares of MACOM Technology Solutions by 4.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock worth $302,000 after acquiring an additional 110 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of MACOM Technology Solutions by 6.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 137 shares during the last quarter. Avior Wealth Management LLC boosted its stake in shares of MACOM Technology Solutions by 3.4% during the 3rd quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 157 shares during the last quarter. Finally, Chartwell Investment Partners LLC lifted its stake in shares of MACOM Technology Solutions by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock valued at $2,783,000 after buying an additional 199 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Trading Up 0.8 %

Shares of MACOM Technology Solutions stock opened at $123.12 on Friday. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $82.36 and a 12-month high of $152.50. The firm has a market capitalization of $9.15 billion, a price-to-earnings ratio of -85.50, a PEG ratio of 2.27 and a beta of 1.71. The firm’s 50 day simple moving average is $134.27 and its two-hundred day simple moving average is $120.73.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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%. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 2,539 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total value of $306,711.20. Following the transaction, the senior vice president now directly owns 31,206 shares of the company’s stock, valued at approximately $3,769,684.80. This trade represents a 7.52 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 1,789 shares of the firm’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $125.00, for a total transaction of $223,625.00. Following the completion of the transaction, the director now directly owns 5,912,219 shares in the company, valued at approximately $739,027,375. This represents a 0.03 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 139,828 shares of company stock worth $18,070,919. 16.30% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently weighed in on MTSI shares. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $131.50.

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.