Sheaff Brock Investment Advisors LLC Boosts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Sheaff Brock Investment Advisors LLC grew its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 6.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,282 shares of the semiconductor company’s stock after purchasing an additional 189 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in MACOM Technology Solutions were worth $329,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in MTSI. Principal Financial Group Inc. grew its position in MACOM Technology Solutions by 3.2% in the first quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company’s stock worth $13,750,000 after acquiring an additional 4,249 shares during the period. OneDigital Investment Advisors LLC grew its position in MACOM Technology Solutions by 27.0% in the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company’s stock worth $242,000 after acquiring an additional 511 shares during the period. GAMMA Investing LLC grew its position in MACOM Technology Solutions by 24.4% in the first quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company’s stock worth $146,000 after acquiring an additional 285 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in MACOM Technology Solutions by 18.1% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company’s stock worth $329,000 after acquiring an additional 502 shares during the period. Finally, Oppenheimer Asset Management Inc. grew its position in MACOM Technology Solutions by 23.6% in the first quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company’s stock worth $1,395,000 after acquiring an additional 2,655 shares during the period. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Up 1.4%

MACOM Technology Solutions stock opened at $139.58 on Tuesday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86. The stock has a market cap of $10.38 billion, a PE ratio of -114.41, a P/E/G ratio of 2.65 and a beta of 1.43. The stock’s fifty day moving average is $133.28 and its two-hundred day moving average is $121.16.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The company had revenue of $235.89 million for the quarter, compared to analysts’ expectations of $230.04 million. During the same period last year, the firm earned $0.59 earnings per share. MACOM Technology Solutions’s quarterly revenue was up 30.2% on a year-over-year basis. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the transaction, the director owned 4,377,764 shares of the company’s stock, valued at approximately $541,004,075.12. This trade represents a 6.41% 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, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm’s stock in a transaction dated 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 directly owned 35,603 shares in the company, valued at approximately $3,560,300. The trade was a 15.38% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 459,227 shares of company stock worth $56,805,317. 16.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MTSI has been the subject of several analyst reports. 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. Wall Street Zen upgraded MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, July 20th. Bank of America increased their price objective on MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Finally, Barclays raised their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $139.90.

MACOM Technology Solutions 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.