Semanteon Capital Management LP Invests $1.40 Million in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Semanteon Capital Management LP purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,781 shares of the semiconductor company's stock, valued at approximately $1,401,000.

Other large investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. bought a new stake in MACOM Technology Solutions during the 3rd quarter valued at approximately $277,000. Natixis Advisors LLC raised its position in shares of MACOM Technology Solutions by 1.8% during the third quarter. Natixis Advisors LLC now owns 29,025 shares of the semiconductor company's stock valued at $3,229,000 after buying an additional 512 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of MACOM Technology Solutions by 2.5% in the third quarter. Thrivent Financial for Lutherans now owns 13,568 shares of the semiconductor company's stock worth $1,510,000 after buying an additional 327 shares in the last quarter. Pathstone Holdings LLC boosted its position in shares of MACOM Technology Solutions by 7.5% during the third quarter. Pathstone Holdings LLC now owns 18,553 shares of the semiconductor company's stock worth $2,064,000 after acquiring an additional 1,294 shares during the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MACOM Technology Solutions during the third quarter valued at $1,577,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

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Insider Transactions at MACOM Technology Solutions

In other news, CFO John Kober sold 2,250 shares of the company's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the transaction, the chief financial officer now directly owns 49,239 shares in the company, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction 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 position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 746,198 shares of company stock worth $92,503,343. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Trading Down 0.5 %

MTSI stock traded down $0.60 during mid-day trading on Tuesday, reaching $112.24. 485,791 shares of the stock traded hands, compared to its average volume of 620,080. The business has a 50-day moving average price of $122.25 and a two-hundred day moving average price of $122.51. The stock has a market capitalization of $8.34 billion, a PE ratio of -77.94, a PEG ratio of 2.42 and a beta of 1.74. 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 one year low of $90.01 and a one year high of $152.50.

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 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%. Equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.