Entropy Technologies LP Makes New Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Entropy Technologies LP purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 11,292 shares of the semiconductor company's stock, valued at approximately $1,467,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Westfield Capital Management Co. LP raised its holdings in MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock valued at $134,686,000 after buying an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in 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 buying an additional 182,058 shares during the period. The Manufacturers Life Insurance Company raised its holdings in 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 buying an additional 116,090 shares during the period. Mirae Asset Global Investments Co. Ltd. purchased a new stake in MACOM Technology Solutions in the 3rd quarter valued at about $11,005,000. Finally, Assenagon Asset Management S.A. purchased a new stake in MACOM Technology Solutions during the third quarter worth about $8,916,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Activity

In other news, SVP Ambra R. Roth sold 1,366 shares of the company's stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. This represents a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 105,782 shares of the company's stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the sale, the director now owns 5,914,008 shares of the company's stock, valued at $731,385,369.36. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 238,954 shares of company stock valued at $30,343,543. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Stock Up 0.2 %

MTSI traded up $0.22 on Thursday, reaching $122.09. The company's stock had a trading volume of 589,915 shares, compared to its average volume of 745,721. The stock has a 50 day moving average of $134.59 and a two-hundred day moving average of $120.40. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $9.08 billion, a price-to-earnings ratio of -84.78, a P/E/G ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $82.36 and a fifty-two week 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 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, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. 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. Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday. Barclays upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Finally, Piper Sandler upped their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price 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.