9,600 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Bought by HighTower Advisors LLC

HighTower Advisors LLC bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 9,600 shares of the semiconductor company’s stock, valued at approximately $1,247,000.

A number of other hedge funds also recently bought and sold shares of MTSI. Charles Schwab Investment Management Inc. lifted its position in shares of MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after purchasing an additional 182,058 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after buying an additional 116,090 shares during the last quarter. Cinctive Capital Management LP boosted its position in shares of MACOM Technology Solutions by 744.5% in the third quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company’s stock valued at $9,859,000 after acquiring an additional 78,116 shares during the period. EULAV Asset Management acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter worth $9,749,000. Finally, Raymond James Financial Inc. bought a new position in MACOM Technology Solutions during the fourth quarter worth $8,630,000. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Down 0.5 %

Shares of NASDAQ:MTSI opened at $112.24 on Wednesday. The company has a market capitalization of $8.34 billion, a PE ratio of -77.94, a P/E/G ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The company’s fifty day moving average is $121.77 and its 200-day moving average is $122.63. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $90.01 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly 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%. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Susan Ocampo sold 45,773 shares of the company’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the transaction, the director now owns 5,509,746 shares in the company, valued at $690,646,661.10. This represents a 0.82 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were 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 of the company’s stock, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock worth $92,503,343 in the last three months. Insiders own 16.30% of the company’s stock.

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.