Lecap Asset Management Ltd. Makes New $1.86 Million Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Lecap Asset Management Ltd. purchased a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,323 shares of the semiconductor company's stock, valued at approximately $1,861,000.

Several other large investors have also added to or reduced their stakes in MTSI. Westfield Capital Management Co. LP raised its position in MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock worth $134,686,000 after buying an additional 210,151 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in MACOM Technology Solutions by 52.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company's stock valued at $59,037,000 after purchasing an additional 182,058 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock valued at $82,945,000 after acquiring an additional 116,090 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in MACOM Technology Solutions in the 3rd quarter worth approximately $11,005,000. Finally, Assenagon Asset Management S.A. purchased a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at approximately $8,916,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

MTSI traded up $0.24 during trading on Tuesday, reaching $122.99. The company's stock had a trading volume of 416,722 shares, compared to its average volume of 736,754. The company has a market cap of $9.14 billion, a price-to-earnings ratio of -85.09, a PEG ratio of 2.27 and a beta of 1.71. The firm has a fifty day simple moving average of $135.69 and a two-hundred day simple moving average of $120.22. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $81.14 and a 1 year high of $152.50. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the sale, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 105,782 shares of the company's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the transaction, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. This trade represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 218,532 shares of company stock valued at $27,902,795. 16.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Benchmark restated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday. Piper Sandler raised their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $105.00 to $140.00 in a report on Monday. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, Barclays upped their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $131.50.

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.