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

Fox Run Management L.L.C. acquired a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 9,848 shares of the semiconductor company's stock, valued at approximately $1,279,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in MTSI. UMB Bank n.a. boosted its position in MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares during the period. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions in the fourth quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new position in MACOM Technology Solutions during the 4th quarter valued at about $35,000. ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions during the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC raised its position in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MTSI. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $105.00 to $140.00 in a research note on Monday, February 10th. 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. Finally, Benchmark reaffirmed a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.50.

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Insider Activity at MACOM Technology Solutions

In other news, CFO John Kober sold 2,250 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the transaction, the chief financial officer now owns 49,239 shares in the company, valued at $6,405,501.51. The trade was a 4.37 % 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 Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the sale, the director now directly owns 14,031 shares in the company, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 746,198 shares of company stock valued at $92,503,343. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Stock Down 0.5 %

Shares of MTSI stock traded down $0.51 during trading hours on Tuesday, hitting $112.33. 135,511 shares of the company's stock traded hands, compared to its average volume of 620,080. 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 cap of $8.35 billion, a price-to-earnings ratio of -78.21, a PEG ratio of 2.42 and a beta of 1.74. The stock's fifty day simple moving average is $122.25 and its two-hundred day simple moving average is $122.51. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $90.01 and a 12-month high of $152.50.

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 the consensus estimate 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%. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.