3,093 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Purchased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC acquired a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 3,093 shares of the semiconductor company's stock, valued at approximately $402,000.

Several other institutional investors and hedge funds have also made changes to their positions in MTSI. UMB Bank n.a. boosted its position in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 101 shares during the period. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $33,000. ORG Wealth Partners LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $36,000. Quarry LP acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $57,000. Finally, Blue Trust Inc. boosted its position in shares of MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 264 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have commented on MTSI shares. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $105.00 to $140.00 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. Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Piper Sandler upped their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. Two 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 stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $131.50.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now owns 14,031 shares in the company, valued at $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 12,438 shares of the business's stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $136.73, for a total value of $1,700,647.74. Following the transaction, the director now owns 6,500,755 shares in the company, valued at approximately $888,848,231.15. This represents a 0.19 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 702,665 shares of company stock valued at $87,654,191. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock traded up $0.27 during mid-day trading on Thursday, hitting $124.01. 678,650 shares of the company were exchanged, compared to its average volume of 752,535. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The business's 50 day simple moving average is $133.23 and its two-hundred day simple moving average is $121.26. The company has a market capitalization of $9.22 billion, a P/E ratio of -86.12, a PEG ratio of 2.43 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $82.36 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates 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%. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

MACOM Technology Solutions Company 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.