MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Holdings Raised by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. boosted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,241 shares of the semiconductor company’s stock after buying an additional 320 shares during the period. Oppenheimer Asset Management Inc.’s holdings in MACOM Technology Solutions were worth $1,460,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. UMB Bank n.a. lifted its stake in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares during the period. Empowered Funds LLC bought a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $33,000. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter worth approximately $36,000. Quarry LP acquired a new stake in MACOM Technology Solutions in the third quarter worth approximately $57,000. Finally, Blue Trust Inc. boosted its stake in MACOM Technology Solutions by 122.2% during the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock valued at $62,000 after purchasing an additional 264 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI stock opened at $108.98 on Tuesday. MACOM Technology Solutions Holdings, Inc. has a one year low of $88.18 and a one year high of $152.50. The firm has a 50-day moving average of $130.84 and a two-hundred day moving average of $122.30. The firm has a market capitalization of $8.10 billion, a PE ratio of -75.68, a P/E/G ratio of 2.42 and a beta of 1.71. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate 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%. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Activity

In related news, Director Susan Ocampo sold 300,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the completion of the sale, the director now directly owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. This trade represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the transaction, the senior vice president now owns 6,564 shares in the company, valued at approximately $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 747,564 shares of company stock worth $92,693,312. 16.30% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MTSI shares. Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Barclays lifted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average target price of $131.50.

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.