Legato Capital Management LLC Acquires 6,085 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Legato Capital Management LLC grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 51.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,938 shares of the semiconductor company's stock after buying an additional 6,085 shares during the period. Legato Capital Management LLC's holdings in MACOM Technology Solutions were worth $2,330,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Westfield Capital Management Co. LP boosted its holdings in shares of 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 valued at $134,686,000 after buying an additional 210,151 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock valued at $113,044,000 after buying an additional 46,812 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after purchasing an additional 116,090 shares during the last quarter. Jennison Associates LLC raised its position in shares of 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 purchasing an additional 2,646 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company's stock worth $59,037,000 after purchasing an additional 182,058 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on MTSI. Northland Capmk raised 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 lifted their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark reaffirmed a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Barclays lifted their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, November 8th. Finally, Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a research report on Friday, October 25th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $131.50.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded up $1.03 during midday trading on Friday, hitting $123.12. 773,870 shares of the company's stock traded hands, compared to its average volume of 694,203. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $82.36 and a 1 year high of $152.50. The stock has a market capitalization of $9.15 billion, a price-to-earnings ratio of -85.50, a price-to-earnings-growth ratio of 2.27 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61. The firm has a fifty day moving average of $134.27 and a 200 day moving average of $120.56.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly 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 negative net margin of 13.05% and a positive return on equity of 12.42%. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current year.

Insider Activity

In related news, Director Susan Ocampo sold 1,789 shares of the business's stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $125.00, for a total transaction of $223,625.00. Following the completion of the transaction, the director now directly owns 5,912,219 shares in the company, valued at approximately $739,027,375. The trade was a 0.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Robert Dennehy sold 2,539 shares of the business's stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total value of $306,711.20. Following the transaction, the senior vice president now owns 31,206 shares of the company's stock, valued at approximately $3,769,684.80. This trade represents a 7.52 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 139,828 shares of company stock valued at $18,070,919 in the last quarter. 16.30% of the stock is currently owned by insiders.

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.