MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Position Raised by Bridge City Capital LLC

Bridge City Capital LLC increased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,106 shares of the semiconductor company's stock after purchasing an additional 4,314 shares during the period. MACOM Technology Solutions accounts for 2.1% of Bridge City Capital LLC's portfolio, making the stock its 8th biggest position. Bridge City Capital LLC owned approximately 0.08% of MACOM Technology Solutions worth $7,808,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after buying an additional 101 shares during the period. Empowered Funds LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter worth about $33,000. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings 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 valued at $36,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

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Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions 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 sale, the senior vice president now owns 43,657 shares of the company's stock, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 746,198 shares of company stock worth $92,503,343. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded down $3.75 during trading on Thursday, hitting $101.90. 593,138 shares of the company's stock were exchanged, compared to its average volume of 621,712. The business's 50-day simple moving average is $120.25 and its 200 day simple moving average is $122.37. The company has a market cap of $7.58 billion, a price-to-earnings ratio of -70.76, a PEG ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $90.01 and a 52-week 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 announced its quarterly earnings data 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 negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MTSI. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Benchmark reaffirmed 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 research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.50.

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.