1,595 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Purchased by Claret Asset Management Corp

Claret Asset Management Corp purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, HoldingsChannel.com reports. The firm purchased 1,595 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other large investors also recently modified their holdings of the company. UMB Bank n.a. grew 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 valued at $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC bought a new position in MACOM Technology Solutions in the 4th quarter worth about $33,000. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at about $35,000. ORG Wealth Partners LLC purchased a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $36,000. Finally, Smartleaf Asset Management LLC raised its stake in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MTSI has been the topic of a number of research analyst reports. Truist Financial began coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a “buy” rating and a $125.00 target price on the stock. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Bank of America cut their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Stifel Nicolaus reduced their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a report on Thursday. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $130.83.

Insider Activity at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 45,773 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The stock was 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 of the company’s stock, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 743,948 shares of company stock worth $92,210,640. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI stock opened at $97.29 on Friday. 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 price is $106.97 and its 200-day moving average price is $121.38. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. The company has a market capitalization of $7.23 billion, a PE ratio of -67.56, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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%. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

MACOM Technology Solutions 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.