Algert Global LLC Grows Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Algert Global LLC raised its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 327.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 50,480 shares of the semiconductor company’s stock after acquiring an additional 38,660 shares during the period. Algert Global LLC’s holdings in MACOM Technology Solutions were worth $6,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of MTSI. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions in the 4th quarter worth approximately $35,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock worth $69,157,000 after acquiring an additional 1,719 shares during the period. Assenagon Asset Management S.A. grew its position in shares of MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock valued at $12,756,000 after purchasing an additional 18,055 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 138 shares during the period. Finally, Covea Finance lifted its holdings in MACOM Technology Solutions by 8.0% during the 4th quarter. Covea Finance now owns 27,000 shares of the semiconductor company’s stock worth $3,508,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Up 5.7 %

MTSI opened at $112.28 on Monday. The business’s fifty day simple moving average is $103.27 and its 200 day simple moving average is $120.87. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. 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 cap of $8.35 billion, a PE ratio of -77.97, a P/E/G ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates 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%. As a group, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Susan Ocampo sold 45,773 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the sale, the director now 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 position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the transaction, the senior vice president now owns 35,603 shares in the company, valued at approximately $3,560,300. The trade was a 15.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 743,064 shares of company stock valued at $91,879,525. Corporate insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Bank of America decreased their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Benchmark reaffirmed a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Stifel Nicolaus decreased their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. Finally, BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research note on Wednesday, April 9th. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $128.64.

About MACOM Technology Solutions

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.