MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Purchased by Bridge City Capital LLC

Bridge City Capital LLC boosted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 7.7% in the 4th quarter, Holdings Channel reports. The firm owned 60,106 shares of the semiconductor company’s stock after purchasing an additional 4,314 shares during the period. MACOM Technology Solutions comprises about 2.1% of Bridge City Capital LLC’s portfolio, making the stock its 8th largest holding. Bridge City Capital LLC’s holdings in MACOM Technology Solutions were worth $7,808,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. UMB Bank n.a. grew its stake in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter worth $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the fourth quarter worth $35,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter worth $36,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Activity

In other news, Director Susan Ocampo sold 97,527 shares of the business’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the transaction, the director now directly owns 4,689,225 shares in the company, valued at $581,839,038. The trade was a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO John Kober sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 746,198 shares of company stock valued at $92,503,343. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $106.89 on Friday. The firm has a fifty day moving average price of $122.61 and a 200 day moving average price of $122.26. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $90.01 and a 1-year high of $152.50. 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 cap of $7.95 billion, a PE ratio of -74.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 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, sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

MTSI has been the subject of several research reports. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research 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 report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

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.