Alpha DNA Investment Management LLC Makes New Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Alpha DNA Investment Management LLC bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, Holdings Channel.com reports. The fund bought 3,253 shares of the semiconductor company’s stock, valued at approximately $423,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Norges Bank purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $82,833,000. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock worth $846,656,000 after buying an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in MACOM Technology Solutions in the 4th quarter valued at $31,260,000. Wellington Management Group LLP acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter worth $14,645,000. Finally, ExodusPoint Capital Management LP raised its holdings in shares of MACOM Technology Solutions by 198.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 113,134 shares of the semiconductor company’s stock worth $14,697,000 after acquiring an additional 75,273 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on MTSI shares. Truist Financial began coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 price objective for the company. Bank of America cut their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday. BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Stifel Nicolaus decreased their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Two research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $130.83.

MACOM Technology Solutions Stock Up 0.1 %

Shares of NASDAQ:MTSI opened at $97.29 on Friday. The firm’s 50-day moving average is $106.97 and its two-hundred day moving average is $121.38. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The firm 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 earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 97,527 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the sale, the director now directly owns 4,689,225 shares of the company’s stock, valued at approximately $581,839,038. This represents a 2.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the sale, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 743,948 shares of company stock worth $92,210,640. Company 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.