Proficio Capital Partners LLC Acquires New Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Proficio Capital Partners LLC acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 16,888 shares of the semiconductor company's stock, valued at approximately $2,194,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. lifted its holdings in 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 acquiring an additional 101 shares during the period. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at $33,000. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at $36,000. Blue Trust Inc. lifted its holdings in MACOM Technology Solutions by 122.2% in the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock valued at $62,000 after acquiring an additional 264 shares during the period. Finally, Quarry LP acquired a new stake in MACOM Technology Solutions in the third quarter valued at $57,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MACOM Technology Solutions currently has a consensus rating of "Moderate Buy" and an average target price of $131.50.

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MACOM Technology Solutions Stock Performance

MTSI traded down $1.25 during trading hours on Friday, hitting $102.75. 1,209,134 shares of the stock were exchanged, compared to its average volume of 605,795. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of -71.35, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $88.18 and a 12 month high of $152.50. The stock has a 50-day simple moving average of $128.07 and a 200-day simple moving average of $122.24.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 97,527 shares of the firm's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now directly owns 4,689,225 shares in the company, valued at approximately $581,839,038. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the sale, the senior vice president now owns 43,657 shares of the company's stock, valued at $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 747,564 shares of company stock worth $92,693,312 in the last quarter. 16.30% of the stock is owned by company insiders.

About MACOM Technology Solutions

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.