Los Angeles Capital Management LLC Invests $483,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Los Angeles Capital Management LLC bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,719 shares of the semiconductor company's stock, valued at approximately $483,000.

Several other hedge funds also recently modified their holdings of MTSI. Arcadia Investment Management Corp MI bought a new stake in MACOM Technology Solutions during the fourth quarter worth $149,000. Venturi Wealth Management LLC bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $160,000. CIBC Asset Management Inc lifted its holdings in shares of MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after buying an additional 112 shares in the last quarter. Sheaff Brock Investment Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at about $402,000. Finally, Blue Trust Inc. lifted its position in 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. Institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

MTSI has been the subject of several recent analyst reports. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Barclays upped their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Benchmark reiterated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $131.50.

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Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan Ocampo sold 97,527 shares of the firm'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 completion of the transaction, the director now owns 4,689,225 shares of the company's stock, valued at approximately $581,839,038. The trade was a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 747,564 shares of company stock worth $92,693,312 over the last quarter. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $1.00 on Friday, hitting $103.00. 580,894 shares of the company traded hands, compared to its average volume of 602,484. The business's 50 day moving average price is $128.69 and its 200-day moving average price is $122.14. The company has a market capitalization of $7.66 billion, a price-to-earnings ratio of -71.24, a P/E/G ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $88.18 and a 52-week high of $152.50. 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 (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (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%. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.