Jennison Associates LLC Purchases 2,646 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Jennison Associates LLC lifted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 532,463 shares of the semiconductor company's stock after buying an additional 2,646 shares during the period. Jennison Associates LLC owned approximately 0.72% of MACOM Technology Solutions worth $69,172,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of MTSI. UMB Bank n.a. boosted its position in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 101 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $36,000. Quarry LP purchased a new position in shares of MACOM Technology Solutions in the 3rd quarter worth about $57,000. Blue Trust Inc. boosted its holdings in shares of MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock worth $62,000 after buying an additional 264 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC bought a new position in MACOM Technology Solutions during the third quarter valued at about $66,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded down $2.29 during trading hours on Friday, reaching $127.21. The company had a trading volume of 1,281,009 shares, compared to its average volume of 727,124. The company has a debt-to-equity ratio of 0.43, a current ratio of 8.35 and a quick ratio of 6.55. MACOM Technology Solutions Holdings, Inc. has a one year low of $80.40 and a one year high of $152.50. The firm has a market cap of $9.46 billion, a PE ratio of 123.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71. The business has a fifty day simple moving average of $135.97 and a 200 day simple moving average of $119.82.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued 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 return on equity of 12.91% and a net margin of 10.53%. On average, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on MTSI shares. Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Benchmark upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research note on Friday, November 8th. Piper Sandler increased their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Finally, Northland Securities boosted their target price on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, November 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $128.00.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the business's stock in a transaction that occurred 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 transaction, the senior vice president now owns 43,657 shares of the company's stock, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the firm's stock in a transaction on Monday, December 9th. The shares were 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 in the company, valued at approximately $912,855.48. This trade represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 218,532 shares of company stock valued at $27,902,795. 16.30% of the stock is currently owned by company insiders.

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.