HighTower Advisors LLC Takes $1.25 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

HighTower Advisors LLC purchased a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 9,600 shares of the semiconductor company's stock, valued at approximately $1,247,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of 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 purchasing an additional 101 shares during the period. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the fourth quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 138 shares during the period. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

Shares of MTSI stock traded down $3.43 on Friday, reaching $98.47. The company had a trading volume of 779,636 shares, compared to its average volume of 635,544. The stock has a market capitalization of $7.32 billion, a PE ratio of -68.38, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The business's 50-day moving average is $119.31 and its 200 day moving average is $122.56. MACOM Technology Solutions Holdings, Inc. has a one year low of $90.01 and a one year high of $152.50.

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MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data 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 research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In related news, CFO John Kober sold 2,250 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the transaction, the chief financial officer now owns 49,239 shares in the company, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock valued at $92,503,343 in the last 90 days. 16.30% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MTSI has been the subject of several recent research reports. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Northland Securities raised shares of 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. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.50.

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.