Headlands Technologies LLC Buys New Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Headlands Technologies LLC bought a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIFree Report) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,771 shares of the semiconductor company’s stock, valued at approximately $144,000.

Several other institutional investors have also added to or reduced their stakes in the business. Arizona State Retirement System boosted its stake in shares of MACOM Technology Solutions by 10.9% in the 2nd quarter. Arizona State Retirement System now owns 15,894 shares of the semiconductor company’s stock worth $1,042,000 after buying an additional 1,561 shares during the last quarter. Burney Co. purchased a new position in MACOM Technology Solutions during the third quarter valued at $1,318,000. Oppenheimer Asset Management Inc. purchased a new position in MACOM Technology Solutions during the second quarter valued at $760,000. Principal Financial Group Inc. lifted its position in MACOM Technology Solutions by 139.9% during the third quarter. Principal Financial Group Inc. now owns 494,621 shares of the semiconductor company’s stock valued at $40,351,000 after purchasing an additional 288,408 shares in the last quarter. Finally, Segment Wealth Management LLC purchased a new position in MACOM Technology Solutions during the second quarter valued at $4,269,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In related news, Director John L. Ocampo sold 205,480 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.92, for a total value of $16,832,921.60. Following the completion of the transaction, the director now owns 5,012 shares in the company, valued at $410,583.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director John L. Ocampo sold 205,480 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $81.92, for a total value of $16,832,921.60. Following the completion of the transaction, the director now owns 5,012 shares in the company, valued at $410,583.04. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Ambra R. Roth sold 8,563 shares of MACOM Technology Solutions stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $83.61, for a total value of $715,952.43. Following the completion of the transaction, the senior vice president now owns 8,060 shares of the company’s stock, valued at approximately $673,896.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 618,347 shares of company stock valued at $50,901,510. 22.75% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on MTSI. Barclays lifted their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a research report on Tuesday, January 16th. Bank of America raised MACOM Technology Solutions from a “neutral” rating to a “buy” rating and raised their price target for the company from $90.00 to $105.00 in a report on Friday, December 15th. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $90.00 to $105.00 and gave the company a “buy” rating in a report on Tuesday, January 2nd. Needham & Company LLC raised their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $91.70.

View Our Latest Analysis on MTSI

MACOM Technology Solutions Trading Up 1.4 %

Shares of MTSI stock opened at $83.61 on Monday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $48.53 and a 12-month high of $96.09. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48. The stock’s 50-day moving average price is $87.83 and its 200-day moving average price is $81.46. The stock has a market capitalization of $6.03 billion, a price-to-earnings ratio of 80.40, a price-to-earnings-growth ratio of 5.25 and a beta of 1.65.

MACOM Technology Solutions (NASDAQ:MTSIGet Free Report) last issued its earnings results on Thursday, November 9th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The firm had revenue of $150.38 million for the quarter, compared to analysts’ expectations of $150.70 million. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.04 EPS for the current fiscal year.

MACOM Technology Solutions Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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