Geode Capital Management LLC Raises Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Geode Capital Management LLC boosted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 0.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,022,565 shares of the semiconductor company's stock after purchasing an additional 6,784 shares during the quarter. Geode Capital Management LLC owned about 1.38% of MACOM Technology Solutions worth $132,882,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after purchasing an additional 368,979 shares during the last quarter. Norges Bank bought a new position in MACOM Technology Solutions during the 4th quarter valued at approximately $82,833,000. Jennison Associates LLC lifted its holdings in MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after buying an additional 2,646 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of MACOM Technology Solutions by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after buying an additional 1,719 shares during the last quarter. Finally, Swiss National Bank increased its stake in shares of MACOM Technology Solutions by 0.8% during the fourth quarter. Swiss National Bank now owns 113,550 shares of the semiconductor company's stock valued at $14,751,000 after buying an additional 900 shares during the period. 76.14% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

Several analysts have weighed in on MTSI shares. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a research report on Wednesday, April 9th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Truist Financial started coverage on shares of MACOM Technology Solutions in a research note on Friday. They issued a "buy" rating and a $125.00 price target for the company. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average price target of $131.25.

Insider Transactions at MACOM Technology Solutions

In other 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 value of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares of the company's stock, 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. Over the last three months, insiders have sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded up $2.23 on Monday, reaching $100.05. 50,835 shares of the company's stock traded hands, compared to its average volume of 656,780. The firm has a market cap of $7.44 billion, a PE ratio of -69.48, a P/E/G ratio of 2.42 and a beta of 1.72. 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 50-day simple moving average of $109.91 and a 200-day simple moving average of $121.96. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.