Global X Japan Co. Ltd. Invests $769,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Global X Japan Co. Ltd. bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 6,914 shares of the semiconductor company's stock, valued at approximately $769,000.

A number of other large investors also recently bought and sold shares of the stock. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 2nd quarter worth approximately $39,000. Riverview Trust Co purchased a new stake in MACOM Technology Solutions in the 1st quarter valued at $47,000. GAMMA Investing LLC grew its holdings in MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company's stock valued at $52,000 after buying an additional 283 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in MACOM Technology Solutions in the 3rd quarter valued at $66,000. Finally, Fidelis Capital Partners LLC purchased a new position in shares of MACOM Technology Solutions during the 1st quarter worth $77,000. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 305,395 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total value of $32,518,459.60. Following the sale, the director now directly owns 6,550,889 shares in the company, valued at $697,538,660.72. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Stephen G. Daly sold 21,012 shares of MACOM Technology Solutions stock in a transaction on Friday, August 30th. The stock was sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the completion of the transaction, the chief executive officer now directly owns 64,472 shares of the company's stock, valued at approximately $7,053,236.80. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 305,395 shares of the business's stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $106.48, for a total value of $32,518,459.60. Following the completion of the transaction, the director now directly owns 6,550,889 shares of the company's stock, valued at approximately $697,538,660.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 654,861 shares of company stock worth $69,430,533 over the last three months. 22.75% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of research analyst reports. Barclays increased their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an "overweight" rating in a report on Friday, August 2nd. Benchmark reissued a "buy" rating and set a $120.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Needham & Company LLC increased their target price on MACOM Technology Solutions from $110.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 2nd. Stifel Nicolaus increased their price target on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. increased their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $117.00.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded up $1.78 during midday trading on Wednesday, hitting $115.57. The company had a trading volume of 611,128 shares, compared to its average volume of 566,562. The company's 50 day simple moving average is $107.13 and its 200 day simple moving average is $104.76. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $68.58 and a 52-week high of $118.76. The stock has a market cap of $8.33 billion, a price-to-earnings ratio of 131.33, a PEG ratio of 4.35 and a beta of 1.70. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The company had revenue of $190.50 million for the quarter, compared to the consensus estimate of $190.42 million. During the same period last year, the business posted $0.42 EPS. The company's revenue was up 5.0% on a year-over-year basis. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

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.