Quantitative Investment Management LLC purchased a new stake in shares of MACOM Technology Solutions (NASDAQ:MTSI) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 93,300 shares of the semiconductor company’s stock, valued at approximately $3,035,000. Quantitative Investment Management LLC owned 0.14% of MACOM Technology Solutions at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in MTSI. First Trust Advisors LP increased its position in shares of MACOM Technology Solutions by 76.6% during the third quarter. First Trust Advisors LP now owns 49,788 shares of the semiconductor company’s stock valued at $2,221,000 after buying an additional 21,596 shares during the period. Victory Capital Management Inc. purchased a new position in shares of MACOM Technology Solutions during the third quarter valued at about $1,213,000. Sei Investments Co. increased its position in shares of MACOM Technology Solutions by 107.8% during the third quarter. Sei Investments Co. now owns 25,472 shares of the semiconductor company’s stock valued at $1,136,000 after buying an additional 13,214 shares during the period. SG Americas Securities LLC purchased a new position in shares of MACOM Technology Solutions during the third quarter valued at about $194,000. Finally, Ameriprise Financial Inc. increased its position in shares of MACOM Technology Solutions by 122.6% during the third quarter. Ameriprise Financial Inc. now owns 6,277,406 shares of the semiconductor company’s stock valued at $280,034,000 after buying an additional 3,457,245 shares during the period. Institutional investors own 90.36% of the company’s stock.
A number of equities research analysts have weighed in on the stock. Zacks Investment Research upgraded shares of MACOM Technology Solutions from a “strong sell” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Wednesday, January 17th. DA Davidson upgraded shares of MACOM Technology Solutions from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $32.00 to $43.00 in a report on Friday, January 5th. BidaskClub upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Thursday, December 21st. ValuEngine upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, JPMorgan Chase cut shares of MACOM Technology Solutions from an “overweight” rating to a “neutral” rating in a report on Wednesday, February 7th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and seven have assigned a buy rating to the stock. MACOM Technology Solutions currently has a consensus rating of “Hold” and an average price target of $35.93.
In related news, SVP Robert Dennehy acquired 10,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were bought at an average price of $20.43 per share, for a total transaction of $204,300.00. Following the completion of the transaction, the senior vice president now directly owns 66,556 shares in the company, valued at $1,359,739.08. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang acquired 2,500 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were bought at an average price of $21.70 per share, for a total transaction of $54,250.00. Following the transaction, the senior vice president now owns 35,501 shares of the company’s stock, valued at $770,371.70. The disclosure for this purchase can be found here. In the last quarter, insiders sold 750 shares of company stock worth $16,938. Insiders own 32.20% of the company’s stock.
Shares of NASDAQ MTSI traded down $1.11 during midday trading on Friday, hitting $17.10. The stock had a trading volume of 991,139 shares, compared to its average volume of 1,113,214. The company has a market cap of $1,101.34, a PE ratio of 9.10 and a beta of 1.60. MACOM Technology Solutions has a 52 week low of $15.46 and a 52 week high of $65.99. The company has a debt-to-equity ratio of 0.89, a quick ratio of 4.00 and a current ratio of 5.70.
MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Tuesday, February 6th. The semiconductor company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.03). The firm had revenue of $130.93 million during the quarter, compared to the consensus estimate of $132.91 million. MACOM Technology Solutions had a positive return on equity of 10.35% and a negative net margin of 28.19%. The company’s quarterly revenue was down 13.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.57 EPS. analysts forecast that MACOM Technology Solutions will post -0.06 earnings per share for the current fiscal year.
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MACOM Technology Solutions Company Profile
MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and photonic semiconductor solutions in the United States, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, which include integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and complete subsystems for more than 60 product lines.
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