EULAV Asset Management Takes $9.75 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

EULAV Asset Management acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 75,046 shares of the semiconductor company's stock, valued at approximately $9,749,000. EULAV Asset Management owned approximately 0.10% of MACOM Technology Solutions as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. UMB Bank n.a. raised its position in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $36,000. Quarry LP bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $57,000. Blue Trust Inc. lifted its stake in MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 264 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at about $66,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of the firm's stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the transaction, the senior vice president now directly owns 6,564 shares of the company's stock, valued at $912,855.48. This trade represents a 17.23 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 45,773 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the sale, the director now directly owns 5,509,746 shares of the company's stock, valued at approximately $690,646,661.10. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 238,954 shares of company stock valued at $30,343,543 over the last 90 days. 16.30% of the stock is owned by corporate insiders.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded down $0.40 on Wednesday, hitting $121.87. The company's stock had a trading volume of 491,621 shares, compared to its average volume of 751,286. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $81.14 and a fifty-two week high of $152.50. The company has a market capitalization of $9.06 billion, a PE ratio of -84.63, a PEG ratio of 2.27 and a beta of 1.71. The stock's 50 day moving average is $134.90 and its 200-day moving average is $120.38. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on MTSI. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $105.00 to $140.00 in a research note on Monday. Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, Barclays increased their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average target price of $131.50.

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.