Fox Run Management L.L.C. Purchases Shares of 9,848 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Fox Run Management L.L.C. acquired a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 9,848 shares of the semiconductor company's stock, valued at approximately $1,279,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KLP Kapitalforvaltning AS purchased a new stake in MACOM Technology Solutions during the fourth quarter worth about $1,559,000. Knights of Columbus Asset Advisors LLC raised its stake in shares of MACOM Technology Solutions by 19.9% in the fourth quarter. Knights of Columbus Asset Advisors LLC now owns 17,724 shares of the semiconductor company's stock valued at $2,303,000 after buying an additional 2,942 shares during the period. AXQ Capital LP lifted its position in shares of MACOM Technology Solutions by 20.5% during the 4th quarter. AXQ Capital LP now owns 5,071 shares of the semiconductor company's stock valued at $659,000 after buying an additional 862 shares during the last quarter. Virtu Financial LLC bought a new position in shares of MACOM Technology Solutions during the 4th quarter worth $530,000. Finally, Semanteon Capital Management LP purchased a new stake in MACOM Technology Solutions in the 4th quarter worth about $1,401,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock traded down $6.59 during mid-day trading on Wednesday, hitting $105.65. 819,071 shares of the company traded hands, compared to its average volume of 621,425. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. 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 cap of $7.85 billion, a price-to-earnings ratio of -73.37, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The stock has a fifty day moving average price of $121.07 and a 200-day moving average price of $122.51.

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MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results 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 negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the business'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 sale, the senior vice president now directly owns 43,657 shares of the company's stock, valued at $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the firm's stock in a transaction dated 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 directly owns 4,689,225 shares in the company, valued at $581,839,038. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock worth $92,503,343 in the last quarter. 16.30% of the stock is owned by insiders.

Analysts Set New Price Targets

MTSI has been the subject of a number of research reports. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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.