Proficio Capital Partners LLC Takes $2.19 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Proficio Capital Partners LLC acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,888 shares of the semiconductor company's stock, valued at approximately $2,194,000.

Several other large investors have also bought and sold shares of the company. Westfield Capital Management Co. LP raised its holdings in MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock worth $134,686,000 after buying an additional 210,151 shares during the last quarter. Geode Capital Management LLC raised its holdings in MACOM Technology Solutions by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock worth $113,044,000 after buying an additional 46,812 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after buying an additional 116,090 shares during the last quarter. Jennison Associates LLC raised its holdings in MACOM Technology Solutions by 0.5% in the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after buying an additional 2,646 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after buying an additional 1,719 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MTSI. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a 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 report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions has an average rating of "Moderate Buy" and an average price target of $131.50.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $1.76 during trading hours on Friday, hitting $106.89. 1,515,497 shares of the company's stock traded hands, compared to its average volume of 619,311. The business's fifty day moving average price is $122.61 and its two-hundred day moving average price is $122.09. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $7.95 billion, a P/E ratio of -74.23, a P/E/G ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $90.01 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company's 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 transaction, the senior vice president now owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO John Kober sold 2,250 shares of the company's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, the chief financial officer now owns 49,239 shares of the company's stock, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 746,198 shares of company stock worth $92,503,343. 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.