Vanguard Group Inc. Boosts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Vanguard Group Inc. increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 6.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,517,251 shares of the semiconductor company's stock after buying an additional 368,979 shares during the quarter. Vanguard Group Inc. owned about 8.77% of MACOM Technology Solutions worth $846,656,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Thrivent Financial for Lutherans raised its position in shares of MACOM Technology Solutions by 2.5% during the third quarter. Thrivent Financial for Lutherans now owns 13,568 shares of the semiconductor company's stock worth $1,510,000 after purchasing an additional 327 shares during the period. Intech Investment Management LLC bought a new stake in MACOM Technology Solutions during the 3rd quarter valued at $279,000. Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company's stock worth $59,037,000 after buying an additional 182,058 shares during the last quarter. Citigroup Inc. lifted its stake in shares of MACOM Technology Solutions by 46.2% in the third 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 in the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of MACOM Technology Solutions by 13.0% during the third quarter. Cerity Partners LLC now owns 20,848 shares of the semiconductor company's stock valued at $2,320,000 after buying an additional 2,398 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

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Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the sale, the director now directly 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 filing with the SEC, which is available through the SEC website. Also, Director Susan Ocampo sold 286,635 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $123.31, for a total value of $35,344,961.85. Following the transaction, the director now owns 5,123,636 shares of the company's stock, valued at $631,795,555.16. The trade was a 5.30 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 743,948 shares of company stock valued at $92,210,640. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Performance

Shares of MTSI traded down $11.61 on Thursday, reaching $92.17. 827,679 shares of the company's stock traded hands, compared to its average volume of 640,149. The stock's 50 day simple moving average is $115.51 and its two-hundred day simple moving average is $122.36. The stock has a market cap of $6.85 billion, a PE ratio of -64.01, a PEG 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. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

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%. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MTSI. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Benchmark restated a "buy" rating and issued 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $131.50.

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.