3,633 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Bought by National Bank of Canada FI

National Bank of Canada FI acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 3,633 shares of the semiconductor company’s stock, valued at approximately $365,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. LPL Financial LLC lifted its stake in MACOM Technology Solutions by 57.2% in the 4th quarter. LPL Financial LLC now owns 6,636 shares of the semiconductor company’s stock valued at $862,000 after purchasing an additional 2,415 shares during the last quarter. Russell Investments Group Ltd. raised its stake in MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock valued at $930,000 after buying an additional 100 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $8,630,000. Mariner LLC boosted its stake in shares of MACOM Technology Solutions by 8.0% during the 4th quarter. Mariner LLC now owns 10,934 shares of the semiconductor company’s stock worth $1,420,000 after acquiring an additional 810 shares during the period. Finally, Marshall Wace LLP acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $387,000. Institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MTSI shares. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $140.00 to $155.00 and gave the company a “buy” rating in a report on Friday, July 18th. Barclays raised their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a research note on Friday, May 9th. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Bank of America increased their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, June 24th. Finally, Wall Street Zen upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a research report on Sunday, July 20th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $146.13.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total transaction of $687,000.00. Following the completion of the sale, the senior vice president owned 30,779 shares of the company’s stock, valued at approximately $4,229,034.60. This represents a 13.97% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO John Kober sold 2,250 shares of the stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $125.65, for a total transaction of $282,712.50. Following the sale, the chief financial officer owned 47,128 shares in the company, valued at $5,921,633.20. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 144,118 shares of company stock valued at $18,041,599 over the last 90 days. 16.30% of the stock is owned by company insiders.

MACOM Technology Solutions Stock Down 1.8%

NASDAQ MTSI opened at $123.09 on Friday. The company has a current ratio of 3.83, a quick ratio of 3.10 and a debt-to-equity ratio of 0.32. The company has a market cap of $9.17 billion, a price-to-earnings ratio of -121.87, a PEG ratio of 2.32 and a beta of 1.38. The company has a 50 day moving average of $135.39 and a 200-day moving average of $120.57. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.01. The firm had revenue of $252.08 million during the quarter, compared to analysts’ expectations of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%. The company’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.66 EPS. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share 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.