Charles Schwab Investment Management Inc. Boosts Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Charles Schwab Investment Management Inc. increased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 532,342 shares of the semiconductor company’s stock after buying an additional 1,719 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.72% of MACOM Technology Solutions worth $69,157,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Louisiana State Employees Retirement System increased its stake in shares of MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock worth $2,092,000 after buying an additional 100 shares during the period. UMB Bank n.a. increased its stake in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the period. EP Wealth Advisors LLC boosted its holdings in MACOM Technology Solutions by 4.2% in the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after acquiring an additional 110 shares in the last quarter. CIBC Asset Management Inc boosted its holdings in MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 112 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 137 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the transaction, the director now owns 4,689,225 shares of the company’s stock, valued at $581,839,038. The trade was a 2.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 746,198 shares of company stock valued at $92,503,343 in the last quarter. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $100.93 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $88.18 and a 12 month high of $152.50. The stock has a market cap of $7.50 billion, a PE ratio of -70.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $126.84 and its 200-day moving average price is $122.25.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently weighed in on MTSI shares. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.