Entropy Technologies LP Invests $1.47 Million in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Entropy Technologies LP bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, according to its most recent filing with the SEC. The fund bought 11,292 shares of the semiconductor company’s stock, valued at approximately $1,467,000.

Several other hedge funds have also recently added to or reduced their stakes in MTSI. GAMMA Investing LLC grew its stake in shares of MACOM Technology Solutions by 75.4% in the 3rd quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock valued at $91,000 after purchasing an additional 353 shares during the period. CWM LLC grew its position in MACOM Technology Solutions by 16.4% in the third quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 238 shares during the period. Creative Planning raised its stake 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 acquiring an additional 1,059 shares in the last quarter. nVerses Capital LLC bought a new position in shares of MACOM Technology Solutions during the third quarter valued at $367,000. Finally, Raymond James & Associates boosted its stake in shares of MACOM Technology Solutions by 5.2% in the 3rd quarter. Raymond James & Associates now owns 38,917 shares of the semiconductor company’s stock valued at $4,330,000 after purchasing an additional 1,924 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Buying and Selling at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 2,539 shares of MACOM Technology Solutions stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total transaction of $306,711.20. Following the transaction, the senior vice president now directly owns 31,206 shares of the company’s stock, valued at $3,769,684.80. This trade represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 25,351 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of $130.05, for a total transaction of $3,296,897.55. Following the completion of the sale, the director now owns 6,046,676 shares of the company’s stock, valued at approximately $786,370,213.80. This represents a 0.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 218,532 shares of company stock worth $27,902,795. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $127.21 on Monday. The business’s 50-day simple moving average is $135.97 and its 200 day simple moving average is $120.04. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock has a market cap of $9.46 billion, a price-to-earnings ratio of -88.34, a P/E/G ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $80.40 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 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%. As a group, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MTSI shares. Benchmark increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Northland Securities lifted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research report on Monday, November 11th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $128.00.

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.