Counterpoint Mutual Funds LLC Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Counterpoint Mutual Funds LLC bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 5,642 shares of the semiconductor company’s stock, valued at approximately $733,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC grew its stake in MACOM Technology Solutions by 8.3% in the fourth quarter. Signaturefd LLC now owns 2,211 shares of the semiconductor company’s stock valued at $287,000 after acquiring an additional 169 shares during the period. Corient Private Wealth LLC raised its holdings in MACOM Technology Solutions by 4.7% during the fourth quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company’s stock worth $394,000 after buying an additional 136 shares during the last quarter. one8zero8 LLC bought a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $234,000. Hilton Capital Management LLC raised its holdings in shares of MACOM Technology Solutions by 4.9% in the 4th quarter. Hilton Capital Management LLC now owns 18,159 shares of the semiconductor company’s stock worth $2,359,000 after acquiring an additional 848 shares during the last quarter. Finally, Swiss National Bank lifted its position in MACOM Technology Solutions by 0.8% in the 4th quarter. Swiss National Bank now owns 113,550 shares of the semiconductor company’s stock valued at $14,751,000 after acquiring an additional 900 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MTSI. Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Stock Up 4.7 %

NASDAQ:MTSI opened at $109.07 on Monday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $88.32 and a 1-year high of $152.50. The company has a market capitalization of $8.11 billion, a PE ratio of -75.74, a P/E/G ratio of 2.42 and a beta of 1.74. The firm’s 50-day moving average price is $125.32 and its 200-day moving average price is $122.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In related news, CFO John Kober sold 2,250 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the sale, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 300,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the transaction, the director now directly owns 4,823,636 shares in the company, valued at $598,757,936.68. The trade was a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock valued at $92,503,343 over the last ninety days. Insiders own 16.30% of the company’s stock.

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.