Wellington Management Group LLP Takes $14.65 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Wellington Management Group LLP acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 112,731 shares of the semiconductor company's stock, valued at approximately $14,645,000. Wellington Management Group LLP owned about 0.15% of MACOM Technology Solutions at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. UMB Bank n.a. boosted its position in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth $36,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday. They issued a "buy" rating and a $125.00 price objective for the company. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note 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 company from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. 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 stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $131.25.

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Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 45,773 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of 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 SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value 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. 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 ninety days, insiders have sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Trading Up 2.2 %

Shares of MTSI stock traded up $2.11 during mid-day trading on Monday, hitting $99.93. 11,685 shares of the company's stock were exchanged, compared to its average volume of 802,375. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of -69.39, a PEG ratio of 2.42 and a beta of 1.72. The stock has a 50-day simple moving average of $109.91 and a two-hundred day simple moving average of $121.96. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

About MACOM Technology Solutions

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.