Teacher Retirement System of Texas Acquires 16,501 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Teacher Retirement System of Texas grew its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 405.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,575 shares of the semiconductor company's stock after acquiring an additional 16,501 shares during the period. Teacher Retirement System of Texas' holdings in MACOM Technology Solutions were worth $2,673,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in MTSI. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions in the 4th quarter worth about $35,000. Citigroup Inc. grew its stake in MACOM Technology Solutions by 46.2% in the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company's stock valued at $7,672,000 after buying an additional 21,786 shares during the last quarter. Algert Global LLC lifted its stake in shares of MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company's stock valued at $1,315,000 after buying an additional 6,015 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after acquiring an additional 116,090 shares during the period. Finally, Geode Capital Management LLC raised its stake in MACOM Technology Solutions by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock worth $113,044,000 after acquiring an additional 46,812 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at MACOM Technology Solutions

In related news, CFO John Kober sold 2,250 shares of the firm'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 owns 49,239 shares of the company's stock, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the sale, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock worth $92,503,343 over the last ninety days. Company insiders own 16.30% of the company's stock.

Analyst Ratings Changes

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

MACOM Technology Solutions Stock Down 3.4 %

Shares of MACOM Technology Solutions stock traded down $3.43 on Friday, reaching $98.47. The company's stock had a trading volume of 779,636 shares, compared to its average volume of 635,544. The company has a market capitalization of $7.32 billion, a price-to-earnings ratio of -68.38, a P/E/G ratio of 2.42 and a beta of 1.74. The firm's fifty day simple moving average is $119.31 and its two-hundred day simple moving average is $122.56. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $90.01 and a 52 week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

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 negative net margin of 13.05% and a positive return on equity of 12.42%. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current 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.