Massachusetts Financial Services Co. MA Acquires New Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Massachusetts Financial Services Co. MA purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 240,627 shares of the semiconductor company's stock, valued at approximately $31,260,000. Massachusetts Financial Services Co. MA owned 0.32% of MACOM Technology Solutions as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions in the fourth quarter worth $35,000. Geode Capital Management LLC grew its position in shares of MACOM Technology Solutions by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock worth $113,044,000 after acquiring an additional 46,812 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of MACOM Technology Solutions by 0.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after acquiring an additional 1,719 shares during the period. Assenagon Asset Management S.A. lifted its position in MACOM Technology Solutions by 22.5% in the 4th quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock valued at $12,756,000 after purchasing an additional 18,055 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in MACOM Technology Solutions by 97.2% in the 4th 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 during the last quarter. Institutional investors own 76.14% of the company's stock.

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Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 300,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the completion of the sale, the director now directly owns 4,823,636 shares of the company's stock, valued at $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the transaction, the director now directly owns 14,031 shares in the company, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,948 shares of company stock valued at $92,210,640 in the last three months. 16.30% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Price Performance

NASDAQ MTSI traded down $1.45 on Friday, reaching $97.82. The company's stock had a trading volume of 1,297,603 shares, compared to its average volume of 657,829. The firm's 50 day moving average is $109.91 and its two-hundred day moving average is $121.90. The stock has a market cap of $7.27 billion, a PE ratio of -67.93, a PEG ratio of 2.42 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its 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%. As a group, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Upgrades and Downgrades

MTSI has been the topic of several analyst reports. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Truist Financial assumed coverage on MACOM Technology Solutions in a report on Friday. They set a "buy" rating and a $125.00 price target on the stock. Finally, BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Wednesday. Two investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and an average target price of $131.25.

MACOM Technology Solutions Company 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.