Dynamic Technology Lab Private Ltd Makes New $2.04 Million Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Dynamic Technology Lab Private Ltd bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 15,680 shares of the semiconductor company's stock, valued at approximately $2,037,000.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of 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. Geode Capital Management LLC boosted its position in MACOM Technology Solutions by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after acquiring an additional 6,784 shares during the last quarter. Norges Bank bought a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $82,833,000. Jennison Associates LLC raised its holdings in shares of MACOM Technology Solutions by 0.5% in the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock valued at $69,172,000 after purchasing an additional 2,646 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after purchasing an additional 1,719 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

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MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded down $7.72 during trading on Thursday, reaching $98.87. 569,684 shares of the company's stock were exchanged, compared to its average volume of 651,736. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The firm's fifty day moving average price is $111.26 and its 200-day moving average price is $122.00. 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 stock has a market capitalization of $7.35 billion, a PE ratio of -68.64, a PEG ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released 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%. As a group, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In related news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction that occurred on 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 directly owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock worth $92,210,640 over the last three months. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Company 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.