15,680 Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 15,680 shares of the semiconductor company’s stock, valued at approximately $2,037,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Townsquare Capital LLC grew its position in shares of MACOM Technology Solutions by 7.9% during the 3rd quarter. Townsquare Capital LLC now owns 3,375 shares of the semiconductor company’s stock valued at $376,000 after acquiring an additional 248 shares during the period. Quarry LP purchased a new position in MACOM Technology Solutions during the third quarter worth approximately $57,000. Quantinno Capital Management LP acquired a new stake in MACOM Technology Solutions in the third quarter valued at approximately $251,000. EP Wealth Advisors LLC increased its position in shares of MACOM Technology Solutions by 4.2% in the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 110 shares in the last quarter. Finally, M&T Bank Corp purchased a new stake in shares of MACOM Technology Solutions in the third quarter valued at approximately $221,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insiders Place Their Bets

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now owns 43,657 shares in the company, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 743,948 shares of company stock valued at $92,210,640. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Stock Performance

MTSI opened at $89.66 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.10 and a twelve month high of $152.50. The firm has a market capitalization of $6.67 billion, a PE ratio of -62.26, a PEG ratio of 2.42 and a beta of 1.74. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The firm’s 50-day moving average price is $114.42 and its 200 day moving average price is $122.28.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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%. As a group, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. 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. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two investment 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

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.