Stephens Investment Management Group LLC Has $56.26 Million Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Stephens Investment Management Group LLC grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 6.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 505,621 shares of the semiconductor company's stock after buying an additional 29,882 shares during the period. Stephens Investment Management Group LLC owned 0.70% of MACOM Technology Solutions worth $56,255,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in MTSI. Opal Wealth Advisors LLC bought a new position in MACOM Technology Solutions in the 2nd quarter valued at about $39,000. GAMMA Investing LLC lifted its stake in shares of MACOM Technology Solutions by 153.0% in the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company's stock worth $52,000 after acquiring an additional 283 shares during the period. Allspring Global Investments Holdings LLC bought a new position in shares of MACOM Technology Solutions in the third quarter valued at approximately $66,000. FSC Wealth Advisors LLC bought a new stake in MACOM Technology Solutions during the second quarter worth approximately $78,000. Finally, Fidelis Capital Partners LLC bought a new stake in MACOM Technology Solutions during the first quarter worth approximately $77,000. Institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 95,743 shares of the stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the completion of the sale, the director now directly owns 6,876,284 shares in the company, valued at approximately $709,494,983.12. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Stephen G. Daly sold 21,012 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the transaction, the chief executive officer now owns 64,472 shares in the company, valued at $7,053,236.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 95,743 shares of MACOM Technology Solutions stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the completion of the sale, the director now directly owns 6,876,284 shares of the company's stock, valued at approximately $709,494,983.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 669,396 shares of company stock valued at $71,106,808 in the last quarter. Company insiders own 22.75% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research report on Friday, October 25th. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 2nd. JPMorgan Chase & Co. boosted their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, July 18th. Finally, Benchmark reaffirmed a "buy" rating and issued a $120.00 price target on shares of MACOM Technology Solutions in a report on Thursday, September 12th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and an average price target of $120.00.

MACOM Technology Solutions Stock Up 0.2 %

MACOM Technology Solutions stock traded up $0.25 during mid-day trading on Friday, hitting $112.65. The company's stock had a trading volume of 477,808 shares, compared to its average volume of 562,812. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $71.01 and a 52-week high of $122.60. The company has a market cap of $8.13 billion, a PE ratio of 114.95, a price-to-earnings-growth ratio of 4.49 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. The firm's 50 day moving average is $108.55 and its 200 day moving average is $105.43.

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