KLP Kapitalforvaltning AS Makes New $1.56 Million Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

KLP Kapitalforvaltning AS bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 12,000 shares of the semiconductor company's stock, valued at approximately $1,559,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MTSI. UMB Bank n.a. raised its holdings in shares of MACOM Technology Solutions by 74.3% during the fourth 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 last quarter. Empowered Funds LLC bought a new stake in MACOM Technology Solutions during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions during the 4th quarter worth $35,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $36,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of MACOM Technology Solutions by 97.2% during the fourth 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 in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Up 2.4 %

MACOM Technology Solutions stock traded up $2.45 during mid-day trading on Wednesday, hitting $103.78. The company's stock had a trading volume of 625,962 shares, compared to its average volume of 639,935. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $90.01 and a 52-week high of $152.50. The company has a market cap of $7.72 billion, a PE ratio of -72.07, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm's 50 day moving average is $116.59 and its 200 day moving average is $122.57.

Remove Ads

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

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. 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 MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note 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 issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.50.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 97,527 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $124.08, for a total value of $12,101,150.16. Following the transaction, the director now owns 4,689,225 shares in the company, valued at $581,839,038. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO John Kober sold 2,250 shares of the firm's stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the sale, the chief financial officer now directly owns 49,239 shares of the company's stock, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock worth $92,503,343 in the last ninety days. Corporate insiders own 16.30% of the company's stock.

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.