New York State Common Retirement Fund Acquires 4,813 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

New York State Common Retirement Fund increased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 1.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 263,830 shares of the semiconductor company's stock after purchasing an additional 4,813 shares during the period. New York State Common Retirement Fund owned approximately 0.37% of MACOM Technology Solutions worth $29,354,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC boosted its holdings in shares of MACOM Technology Solutions by 7.3% in the 2nd quarter. CWM LLC now owns 1,451 shares of the semiconductor company's stock valued at $162,000 after buying an additional 99 shares during the last quarter. EP Wealth Advisors LLC grew its stake in shares of MACOM Technology Solutions by 4.3% in the second quarter. EP Wealth Advisors LLC now owns 2,602 shares of the semiconductor company's stock valued at $290,000 after acquiring an additional 107 shares in the last quarter. TD Asset Management Inc increased its position in MACOM Technology Solutions by 0.6% during the second quarter. TD Asset Management Inc now owns 39,244 shares of the semiconductor company's stock worth $4,375,000 after acquiring an additional 244 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in MACOM Technology Solutions by 2.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,470 shares of the semiconductor company's stock worth $1,390,000 after purchasing an additional 273 shares in the last quarter. Finally, GAMMA Investing LLC boosted 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 purchasing an additional 283 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Up 1.0 %

MACOM Technology Solutions stock traded up $1.15 during trading hours on Monday, reaching $113.80. The stock had a trading volume of 564,191 shares, compared to its average volume of 562,818. 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 company has a fifty day simple moving average of $108.66 and a 200-day simple moving average of $105.64. The stock has a market cap of $8.22 billion, a PE ratio of 116.12, a PEG ratio of 4.28 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $72.15 and a 52 week high of $122.60.

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

Analyst Ratings Changes

A number of research analysts recently commented on MTSI shares. Benchmark reaffirmed a "buy" rating and issued a $120.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Stifel Nicolaus boosted 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. Piper Sandler raised their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Needham & Company LLC increased their price objective on MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. increased their target price on shares of 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 equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $120.00.

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 6,683 shares of the company's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total value of $713,610.74. Following the sale, the senior vice president now directly owns 26,396 shares of the company's stock, valued at $2,818,564.88. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, SVP Robert Dennehy sold 6,683 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total value of $713,610.74. Following the completion of the transaction, the senior vice president now directly owns 26,396 shares in the company, valued at $2,818,564.88. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen G. Daly sold 7,122 shares of the company's stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $112.53, for a total value of $801,438.66. Following the transaction, the chief executive officer now directly owns 55,826 shares in the company, valued at approximately $6,282,099.78. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 669,396 shares of company stock worth $71,106,808. 22.75% of the stock is owned by corporate insiders.

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.