Empowered Funds LLC Makes New $33,000 Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 253 shares of the semiconductor company’s stock, valued at approximately $33,000.

Several other hedge funds also recently made changes to their positions in MTSI. Creative Planning boosted its holdings in MACOM Technology Solutions by 11.3% during the third quarter. Creative Planning now owns 10,421 shares of the semiconductor company’s stock worth $1,159,000 after buying an additional 1,059 shares in the last quarter. Raymond James & Associates lifted its position in shares of MACOM Technology Solutions by 5.2% during the 3rd quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company’s stock valued at $4,330,000 after acquiring an additional 1,924 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth $66,000. Assenagon Asset Management S.A. acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter worth $8,916,000. Finally, Louisiana State Employees Retirement System raised its position in shares of MACOM Technology Solutions by 3.2% during the third quarter. Louisiana State Employees Retirement System now owns 16,000 shares of the semiconductor company’s stock worth $1,780,000 after purchasing an additional 500 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the transaction, the senior vice president now directly owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 662,473 shares of company stock worth $82,292,578 in the last three months. 16.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MTSI has been the subject of a number of recent analyst reports. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Barclays raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock 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 boosted their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Benchmark restated 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 equities 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. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Stock Down 2.7 %

MTSI stock opened at $120.65 on Friday. The company has a 50 day moving average of $132.86 and a two-hundred day moving average of $121.60. The company has a market cap of $8.97 billion, a price-to-earnings ratio of -83.78, a PEG ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.21 and a 12-month high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.