one8zero8 LLC Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

one8zero8 LLC bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, HoldingsChannel.com reports. The fund bought 1,800 shares of the semiconductor company’s stock, valued at approximately $234,000.

Several other large investors have also recently added to or reduced their stakes in MTSI. 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 purchased a new position in MACOM Technology Solutions in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions during the 4th quarter worth $35,000. ORG Wealth Partners LLC purchased a new stake in MACOM Technology Solutions during the 4th quarter worth about $36,000. Finally, Smartleaf Asset Management LLC increased its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 138 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock 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 debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The firm has a market cap of $8.11 billion, a price-to-earnings ratio of -75.74, a PEG ratio of 2.42 and a beta of 1.74. The stock’s 50-day moving average is $125.32 and its two-hundred day moving average is $122.29.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the company. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions 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 report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

Insider Activity

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now directly owns 14,031 shares of the company’s stock, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 97,527 shares of the firm’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $124.08, for a total value of $12,101,150.16. Following the transaction, the director now directly owns 4,689,225 shares in the company, valued at approximately $581,839,038. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock valued at $92,503,343 in the last ninety days. 16.30% of the stock is currently owned by company insiders.

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.