MetLife Investment Management LLC Raises Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

MetLife Investment Management LLC increased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 9.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 32,613 shares of the semiconductor company's stock after acquiring an additional 2,798 shares during the quarter. MetLife Investment Management LLC's holdings in MACOM Technology Solutions were worth $4,237,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in shares of MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after purchasing an additional 368,979 shares in the last quarter. Geode Capital Management LLC grew its stake in MACOM Technology Solutions by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after buying an additional 6,784 shares in the last quarter. Norges Bank bought a new stake in MACOM Technology Solutions during the 4th quarter valued at $82,833,000. Jennison Associates LLC lifted its position in shares of MACOM Technology Solutions by 0.5% during the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after acquiring an additional 2,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of MACOM Technology Solutions by 0.3% in the fourth 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. 76.14% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

MTSI has been the topic of a number of recent research reports. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th. Stifel Nicolaus cut their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Barclays lowered their target price on shares of MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday. Finally, Truist Financial began coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 price target for the company. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $127.92.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI opened at $105.68 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The business has a 50 day moving average of $105.12 and a 200 day moving average of $121.11. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of -73.39, a PEG ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares of the company's stock, valued at $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 45,773 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the sale, the director now directly owns 5,509,746 shares of the company's stock, valued at $690,646,661.10. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 743,948 shares of company stock worth $92,210,640. Company insiders own 16.30% of the company's stock.

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.

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