Lisanti Capital Growth LLC Buys 24,715 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Lisanti Capital Growth LLC lifted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 149.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,290 shares of the semiconductor company's stock after purchasing an additional 24,715 shares during the period. Lisanti Capital Growth LLC owned 0.06% of MACOM Technology Solutions worth $5,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings in 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 purchasing an additional 101 shares during the period. Empowered Funds LLC bought a new position in shares of MACOM Technology Solutions during the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $35,000. ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings in 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 currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Susan Ocampo sold 97,527 shares of the stock in a transaction on 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 sale, the director now owns 4,689,225 shares in the company, valued at $581,839,038. This trade represents a 2.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the sale, the senior vice president now directly owns 43,657 shares of the company's stock, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 746,198 shares of company stock worth $92,503,343 over the last three months. 16.30% of the stock is owned by insiders.

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Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MTSI shares. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Benchmark restated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average price target of $131.50.

MACOM Technology Solutions Price Performance

Shares of MTSI stock traded up $4.05 on Tuesday, reaching $100.93. The company's stock had a trading volume of 720,334 shares, compared to its average volume of 608,456. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of -70.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The stock's fifty day simple moving average is $128.07 and its 200-day simple moving average is $122.35. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $88.18 and a 1 year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued 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%. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.