Raymond James Financial Inc. Purchases Shares of 66,426 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Raymond James Financial Inc. bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 66,426 shares of the semiconductor company's stock, valued at approximately $8,630,000. Raymond James Financial Inc. owned about 0.09% of MACOM Technology Solutions at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in MACOM Technology Solutions by 8.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after buying an additional 101 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock worth $930,000 after purchasing an additional 100 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at about $2,037,000. Hel Ved Capital Management Ltd acquired a new stake in MACOM Technology Solutions in the fourth quarter worth about $520,000. Finally, ExodusPoint Capital Management LP grew its position in MACOM Technology Solutions by 198.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 113,134 shares of the semiconductor company's stock valued at $14,697,000 after buying an additional 75,273 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MTSI. Stifel Nicolaus reduced their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Truist Financial assumed coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 price target on the stock. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research note on Wednesday, April 9th. Barclays dropped their price target on shares of MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Bank of America reduced their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $127.92.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm'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 transaction, the senior vice president now owns 43,657 shares in the company, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Susan Ocampo sold 97,527 shares of the company's stock in a transaction on 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 owns 4,689,225 shares of the company's stock, valued at $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 743,948 shares of company stock worth $92,210,640 in the last ninety days. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Up 0.7 %

NASDAQ:MTSI traded up $0.69 during trading hours on Friday, hitting $106.37. 182,398 shares of the company's stock traded hands, compared to its average volume of 660,112. The stock's fifty day moving average price is $105.12 and its two-hundred day moving average price is $121.11. The firm has a market cap of $7.91 billion, a P/E ratio of -73.54, 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 Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly 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%. On average, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.