Hel Ved Capital Management Ltd Makes New Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Hel Ved Capital Management Ltd purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the semiconductor company's stock, valued at approximately $520,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of MACOM Technology Solutions in the 4th quarter worth 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 period. Massachusetts Financial Services Co. MA purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at $31,260,000. Wellington Management Group LLP bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $14,645,000. Finally, ExodusPoint Capital Management LP boosted its stake 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 purchasing an additional 75,273 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 97,527 shares of the company's stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now 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 legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 743,948 shares of company stock valued at $92,210,640. Corporate insiders own 16.30% of the company's stock.

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MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock traded down $8.60 during trading hours on Thursday, hitting $97.99. 504,566 shares of the stock traded hands, compared to its average volume of 797,844. The firm's 50 day moving average price is $111.26 and its 200-day moving average price is $122.00. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of -67.98, a P/E/G ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. 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 (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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%. As a group, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on MTSI. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Wednesday. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $131.82.

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.