Zurcher Kantonalbank Zurich Cantonalbank Purchases 3,050 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,520 shares of the semiconductor company's stock after acquiring an additional 3,050 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in MACOM Technology Solutions were worth $2,016,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its stake in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Empowered Funds LLC bought a new position in MACOM Technology Solutions during the fourth quarter worth $33,000. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions during the fourth quarter worth $35,000. ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions during the fourth quarter worth $36,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after buying an additional 138 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $1.27 during trading hours on Thursday, reaching $108.65. 368,124 shares of the company were exchanged, compared to its average volume of 615,194. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $90.01 and a 1 year high of $152.50. The business's 50 day simple moving average is $123.66 and its 200-day simple moving average is $122.20. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $8.08 billion, a P/E ratio of -75.45, a P/E/G ratio of 2.42 and a beta of 1.74.

Remove Ads

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 (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, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of the firm's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares of the company's stock, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock worth $92,503,343 over the last quarter. 16.30% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on MTSI shares. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Northland Securities raised shares of 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 note on Monday, February 10th. Finally, Benchmark reaffirmed a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, 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.