US Bancorp DE Raises Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

US Bancorp DE lifted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 253.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,806 shares of the semiconductor company’s stock after buying an additional 3,445 shares during the quarter. US Bancorp DE’s holdings in MACOM Technology Solutions were worth $624,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTSI. UMB Bank n.a. boosted its position 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 purchasing an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new position in MACOM Technology Solutions in the fourth quarter valued at about $33,000. ORG Wealth Partners LLC acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at approximately $36,000. Blue Trust Inc. boosted its stake in shares of MACOM Technology Solutions by 122.2% during the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 264 shares in the last quarter. Finally, Quarry LP acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth approximately $57,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Activity at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $978,215.00. Following the sale, the senior vice president now owns 43,657 shares of the company’s stock, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 746,198 shares of company stock worth $92,503,343. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Trading Up 4.2 %

MACOM Technology Solutions stock opened at $100.93 on Wednesday. The stock has a 50-day moving average price of $126.84 and a 200 day moving average price of $122.25. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $88.18 and a 52 week high of $152.50. The stock has a market cap of $7.50 billion, a PE ratio of -70.09, a P/E/G 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.

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 negative net margin of 13.05% and a positive return on equity of 12.42%. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MTSI shares. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average target price of $131.50.

About MACOM Technology Solutions

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.