Aigen Investment Management LP Acquires Shares of 5,242 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Aigen Investment Management LP bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 5,242 shares of the semiconductor company's stock, valued at approximately $681,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MTSI. Citigroup Inc. boosted its position in MACOM Technology Solutions by 46.2% during the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company's stock worth $7,672,000 after purchasing an additional 21,786 shares in the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock valued at $134,686,000 after purchasing an additional 210,151 shares during the period. The Manufacturers Life Insurance Company increased its holdings in shares of MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after buying an additional 116,090 shares during the last quarter. Algert Global LLC raised its position in MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company's stock valued at $1,315,000 after purchasing an additional 6,015 shares during the period. Finally, Geode Capital Management LLC lifted its position in MACOM Technology Solutions by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock valued at $113,044,000 after buying an additional 46,812 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

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Insider Transactions at MACOM Technology Solutions

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction 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. The trade was a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock worth $92,503,343 in the last three months. Company insiders own 16.30% of the company's stock.

Analyst Ratings Changes

MTSI has been the topic of a number of recent research reports. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $131.50.

MACOM Technology Solutions Trading Down 5.7 %

NASDAQ MTSI traded down $5.87 during mid-day trading on Monday, reaching $96.88. 1,197,997 shares of the stock were exchanged, compared to its average volume of 608,162. The business's fifty day simple moving average is $128.07 and its 200 day simple moving average is $122.35. 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 stock has a market capitalization of $7.20 billion, a PE ratio of -67.28, a PEG ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $88.18 and a 1-year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share 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.