Price T Rowe Associates Inc. MD Purchases 1,120,510 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Price T Rowe Associates Inc. MD raised its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 38.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,998,136 shares of the semiconductor company's stock after purchasing an additional 1,120,510 shares during the quarter. Price T Rowe Associates Inc. MD owned 5.38% of MACOM Technology Solutions worth $519,399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. raised its stake in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC bought a new position in shares of MACOM Technology Solutions in the 4th quarter worth about $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at about $35,000. ORG Wealth Partners LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC grew its stake in MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 138 shares during the period. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the sale, the director now owns 5,509,746 shares of the company's stock, valued at approximately $690,646,661.10. This trade represents a 0.82 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the sale, the director now owns 14,031 shares in the company, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 736,593 shares of company stock valued at $91,232,425 in the last three months. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock traded down $0.46 during mid-day trading on Tuesday, hitting $103.60. 252,883 shares of the stock were exchanged, compared to its average volume of 661,476. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The company has a 50-day simple moving average of $104.36 and a 200 day simple moving average of $121.08. The company has a market capitalization of $7.70 billion, a P/E ratio of -71.93, a P/E/G ratio of 2.42 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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%. Sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MTSI. Bank of America cut their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Truist Financial started coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 target price for the company. Stifel Nicolaus dropped their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and an average price target of $127.92.

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.