637,616 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Acquired by Norges Bank

Norges Bank bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 637,616 shares of the semiconductor company's stock, valued at approximately $82,833,000. Norges Bank owned approximately 0.86% of MACOM Technology Solutions at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions in the 4th quarter worth $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $35,000. ORG Wealth Partners LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at $36,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of 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 period. 76.14% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now owns 14,031 shares in the company, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $978,215.00. Following the completion of the sale, the senior vice president now directly owns 43,657 shares of the company's stock, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,948 shares of company stock worth $92,210,640 in the last three months. 16.30% of the stock is owned by insiders.

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MACOM Technology Solutions Stock Up 0.2 %

Shares of NASDAQ:MTSI traded up $0.16 during trading on Monday, reaching $89.82. 1,088,878 shares of the company traded hands, compared to its average volume of 643,817. The firm has a fifty day simple moving average of $113.77 and a 200 day simple moving average of $122.47. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The firm has a market cap of $6.68 billion, a P/E ratio of -62.38, a price-to-earnings-growth 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 the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. Analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Benchmark restated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price target for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $131.50.

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.