Crestline Management LP Buys 6,085 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Crestline Management LP lifted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 16.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,051 shares of the semiconductor company’s stock after acquiring an additional 6,085 shares during the quarter. Crestline Management LP owned 0.06% of MACOM Technology Solutions worth $5,593,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MTSI. Price T Rowe Associates Inc. MD increased its position in MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company’s stock valued at $519,399,000 after acquiring an additional 1,120,510 shares during the last quarter. Norges Bank bought a new position in shares of MACOM Technology Solutions in the 4th quarter worth approximately $82,833,000. Vanguard Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock worth $846,656,000 after buying an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new stake in MACOM Technology Solutions during the fourth quarter valued at approximately $31,260,000. Finally, Balyasny Asset Management L.P. purchased a new stake in MACOM Technology Solutions during the fourth quarter valued at approximately $18,362,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Down 2.6 %

Shares of MTSI opened at $110.82 on Wednesday. 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 stock has a market capitalization of $8.24 billion, a price-to-earnings ratio of -76.96, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The business’s 50 day simple moving average is $103.13 and its 200-day simple moving average is $120.80.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results 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 negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on MTSI shares. Stifel Nicolaus reduced their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Bank of America decreased their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research note on Wednesday, April 16th. Barclays dropped their price target on shares of MACOM Technology Solutions from $160.00 to $125.00 and set an “overweight” rating for the company in a research report on Tuesday, April 22nd. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Truist Financial started coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 target price for the company. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.64.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares in the company, valued at approximately $3,560,300. This trade represents a 15.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Geoffrey G. Ribar sold 6,656 shares of the business’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 value of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares of the company’s stock, valued at $1,706,309.91. The trade was a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 743,064 shares of company stock valued at $91,879,525 over the last ninety days. 16.30% of the stock is owned by insiders.

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.