Price T Rowe Associates Inc. MD Purchases 1,120,510 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Price T Rowe Associates Inc. MD lifted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 38.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,998,136 shares of the semiconductor company’s stock after buying an additional 1,120,510 shares during the period. Price T Rowe Associates Inc. MD owned about 5.38% of MACOM Technology Solutions worth $519,399,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MTSI. Norges Bank purchased a new position in MACOM Technology Solutions in the 4th quarter worth about $82,833,000. Vanguard Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after acquiring an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in shares of MACOM Technology Solutions in the fourth quarter worth approximately $31,260,000. Wellington Management Group LLP purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $14,645,000. Finally, ExodusPoint Capital Management LP lifted its position in MACOM Technology Solutions by 198.8% during the fourth quarter. ExodusPoint Capital Management LP now owns 113,134 shares of the semiconductor company’s stock valued at $14,697,000 after purchasing an additional 75,273 shares during the period. Institutional investors own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the sale, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 45,773 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the transaction, the director now directly owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of research reports. Barclays decreased their target price on shares of MACOM Technology Solutions from $160.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday. BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Stifel Nicolaus dropped their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Benchmark restated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $127.92.

MACOM Technology Solutions Stock Up 4.7 %

Shares of MTSI stock opened at $105.68 on Friday. The company has a market capitalization of $7.86 billion, a price-to-earnings ratio of -73.39, a PEG ratio of 2.42 and a beta of 1.72. 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 company’s fifty day moving average price is $105.12 and its 200-day moving average price is $121.11. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 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%. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS 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.