MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Avalon Global Asset Management LLC

Avalon Global Asset Management LLC raised its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,700 shares of the semiconductor company’s stock after purchasing an additional 300 shares during the quarter. MACOM Technology Solutions accounts for approximately 1.4% of Avalon Global Asset Management LLC’s portfolio, making the stock its 23rd largest holding. Avalon Global Asset Management LLC owned about 0.08% of MACOM Technology Solutions worth $6,209,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Opal Wealth Advisors LLC purchased a new position in shares of MACOM Technology Solutions in the 2nd quarter worth about $39,000. GAMMA Investing LLC raised its holdings in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company’s stock worth $52,000 after purchasing an additional 283 shares during the period. Riverview Trust Co purchased a new stake in shares of MACOM Technology Solutions during the 1st quarter valued at about $47,000. FSC Wealth Advisors LLC purchased a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at about $78,000. Finally, Fidelis Capital Partners LLC purchased a new stake in shares of MACOM Technology Solutions during the 1st quarter valued at about $77,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $103.70 on Friday. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of 117.84, a PEG ratio of 5.18 and a beta of 1.70. The stock has a 50 day moving average of $102.78 and a 200-day moving average of $102.04. The company has a current ratio of 8.18, a quick ratio of 6.33 and a debt-to-equity ratio of 0.45. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $68.58 and a 52 week high of $118.76.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 EPS for the quarter, hitting the consensus estimate of $0.66. The company had revenue of $190.50 million during the quarter, compared to analyst estimates of $190.42 million. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The business’s revenue was up 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 EPS. As a group, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently commented on MTSI. Benchmark reiterated a “buy” rating and set a $120.00 target price on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. lifted their price objective on MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Needham & Company LLC lifted their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Finally, Barclays lifted their price objective on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $117.00.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $106.25, for a total transaction of $531,250.00. Following the completion of the transaction, the senior vice president now owns 41,523 shares in the company, valued at approximately $4,411,818.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, July 22nd. The stock was sold at an average price of $106.25, for a total transaction of $531,250.00. Following the completion of the transaction, the senior vice president now owns 41,523 shares in the company, valued at approximately $4,411,818.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Robert Dennehy sold 6,915 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $101.38, for a total value of $701,042.70. Following the transaction, the senior vice president now owns 19,481 shares of the company’s stock, valued at approximately $1,974,983.78. The disclosure for this sale can be found here. Insiders sold 659,861 shares of company stock worth $69,961,783 in the last 90 days. 22.75% of the stock is currently owned by company insiders.

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.