Counterpoint Mutual Funds LLC Invests $733,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Counterpoint Mutual Funds LLC 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 SEC. The firm bought 5,642 shares of the semiconductor company's stock, valued at approximately $733,000.

Several other hedge funds have also recently bought and sold shares of MTSI. Westfield Capital Management Co. LP boosted its position in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock worth $134,686,000 after acquiring an additional 210,151 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company's stock valued at $59,037,000 after purchasing an additional 182,058 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock valued at $82,945,000 after purchasing an additional 116,090 shares during the last quarter. Cinctive Capital Management LP raised its holdings in shares of MACOM Technology Solutions by 744.5% during the 3rd quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company's stock worth $9,859,000 after buying an additional 78,116 shares in the last quarter. Finally, EULAV Asset Management bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $9,749,000. 76.14% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

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

Insider Activity

In related news, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the transaction, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. The trade was a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the sale, the director now owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 746,198 shares of company stock valued at $92,503,343. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Trading Down 1.6 %

NASDAQ:MTSI traded down $1.76 during trading hours on Friday, hitting $106.89. 1,515,497 shares of the company were exchanged, compared to its average volume of 619,312. The company has a fifty day simple moving average of $123.13 and a 200 day simple moving average of $122.10. MACOM Technology Solutions Holdings, Inc. has a one year low of $90.01 and a one year high of $152.50. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of -74.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS 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%. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.