Wellington Management Group LLP Invests $313,000 in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI)

Wellington Management Group LLP bought a new position in shares of MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) in the first quarter, according to the company in its most recent filing with the SEC. The fund bought 16,527 shares of the semiconductor company’s stock, valued at approximately $313,000.

Other large investors have also recently modified their holdings of the company. Citigroup Inc. grew its holdings in shares of MACOM Technology Solutions by 196.3% during the 1st quarter. Citigroup Inc. now owns 31,559 shares of the semiconductor company’s stock worth $597,000 after purchasing an additional 20,907 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of MACOM Technology Solutions by 40.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 19,520 shares of the semiconductor company’s stock worth $370,000 after purchasing an additional 5,651 shares during the period. AlphaCrest Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 61.8% during the 1st quarter. AlphaCrest Capital Management LLC now owns 16,500 shares of the semiconductor company’s stock worth $312,000 after purchasing an additional 6,300 shares during the period. Federated Hermes Inc. grew its holdings in shares of MACOM Technology Solutions by 23.2% during the 1st quarter. Federated Hermes Inc. now owns 73,829 shares of the semiconductor company’s stock worth $1,398,000 after purchasing an additional 13,915 shares during the period. Finally, Capital Research Global Investors grew its holdings in shares of MACOM Technology Solutions by 6.6% during the 4th quarter. Capital Research Global Investors now owns 3,781,000 shares of the semiconductor company’s stock worth $100,575,000 after purchasing an additional 234,475 shares during the period. Institutional investors and hedge funds own 74.34% of the company’s stock.

Shares of MTSI opened at $34.35 on Wednesday. The business’s 50 day moving average is $31.86 and its two-hundred day moving average is $27.22. MACOM Technology Solutions Holdings Inc has a 52-week low of $14.92 and a 52-week high of $34.96. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -6.20 and a beta of 2.38. The company has a quick ratio of 3.42, a current ratio of 4.50 and a debt-to-equity ratio of 2.39.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Wednesday, April 29th. The semiconductor company reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.07. MACOM Technology Solutions had a negative return on equity of 12.55% and a negative net margin of 76.21%. The company had revenue of $126.40 million for the quarter, compared to analyst estimates of $122.91 million. During the same period in the prior year, the company posted ($0.18) EPS. MACOM Technology Solutions’s quarterly revenue was down 1.6% on a year-over-year basis. On average, equities analysts expect that MACOM Technology Solutions Holdings Inc will post 0.19 earnings per share for the current fiscal year.

A number of analysts have recently issued reports on the company. Barclays decreased their target price on MACOM Technology Solutions from $35.00 to $30.00 and set an “equal weight” rating for the company in a report on Friday, April 17th. Needham & Company LLC boosted their price target on MACOM Technology Solutions from $29.00 to $36.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Stifel Nicolaus boosted their price target on MACOM Technology Solutions from $24.00 to $29.00 and gave the stock a “hold” rating in a research report on Thursday, April 30th. Zacks Investment Research raised MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, May 5th. Finally, Craig Hallum boosted their price target on MACOM Technology Solutions from $28.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, April 30th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $30.89.

In related news, SVP Robert Dennehy sold 11,319 shares of the company’s stock in a transaction that occurred on Thursday, April 30th. The stock was sold at an average price of $31.55, for a total transaction of $357,114.45. Following the sale, the senior vice president now directly owns 86,355 shares of the company’s stock, valued at approximately $2,724,500.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman John L. Ocampo sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $30.66, for a total value of $306,600.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,201 shares of company stock worth $1,338,191. 32.20% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Company Profile

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

Further Reading: Stock Portfolio Tracker

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

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