HMS Capital Management LLC Invests $425,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

HMS Capital Management LLC bought 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 & Exchange Commission. The firm bought 3,274 shares of the semiconductor company's stock, valued at approximately $425,000.

Several other hedge funds have also added to or reduced their stakes in MTSI. Legato Capital Management LLC raised its stake in MACOM Technology Solutions by 51.3% in the 4th quarter. Legato Capital Management LLC now owns 17,938 shares of the semiconductor company's stock worth $2,330,000 after purchasing an additional 6,085 shares in the last quarter. Louisiana State Employees Retirement System increased its holdings in shares of MACOM Technology Solutions by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock worth $2,092,000 after purchasing an additional 100 shares during the period. Entropy Technologies LP bought a new position in shares of MACOM Technology Solutions during the fourth quarter worth approximately $1,467,000. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. Finally, EULAV Asset Management bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $9,749,000. 76.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on MTSI. Benchmark reaffirmed a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Capmk raised 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 objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Piper Sandler boosted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Finally, Barclays increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $131.50.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded up $1.03 on Monday, hitting $123.12. The company had a trading volume of 773,870 shares, compared to its average volume of 694,203. The firm has a 50 day moving average of $134.27 and a two-hundred day moving average of $120.87. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of -85.50, a PEG ratio of 2.27 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $82.36 and a 52 week high of $152.50. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly 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, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current year.

Insider Activity

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction that occurred 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 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 is accessible through this link. Also, SVP Ambra R. Roth sold 1,366 shares of the stock in a transaction 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 sale, the senior vice president now owns 6,564 shares of the company's stock, valued at approximately $912,855.48. This trade represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 138,039 shares of company stock valued at $17,847,294. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Company 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.