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

Leeward Investments LLC MA acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) in the first quarter, HoldingsChannel reports. The firm acquired 158,946 shares of the semiconductor company’s stock, valued at approximately $9,516,000.

Other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. raised its position in shares of MACOM Technology Solutions by 357.7% in the fourth quarter. First Horizon Advisors Inc. now owns 357 shares of the semiconductor company’s stock valued at $27,000 after buying an additional 279 shares during the last quarter. CWM LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. Covestor Ltd purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $64,000. Point72 Hong Kong Ltd purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $139,000. Finally, CIBC Asset Management Inc purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $220,000. Institutional investors and hedge funds own 97.56% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on MTSI shares. Cowen boosted their target price on shares of MACOM Technology Solutions from $55.00 to $68.00 in a report on Friday, July 29th. Piper Sandler lowered their target price on shares of MACOM Technology Solutions from $85.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, June 23rd. Northland Securities lowered their target price on shares of MACOM Technology Solutions from $75.00 to $70.00 in a report on Friday, July 29th. Cowen boosted their target price on shares of MACOM Technology Solutions from $55.00 to $68.00 in a report on Friday, July 29th. Finally, Jefferies Financial Group upgraded shares of MACOM Technology Solutions from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a report on Friday, April 29th. Eight investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, MACOM Technology Solutions has an average rating of “Buy” and an average price target of $70.64.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $61.33 on Friday. The company has a market capitalization of $4.29 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 1.68 and a beta of 2.03. The firm has a fifty day simple moving average of $50.73 and a 200-day simple moving average of $54.64. The company has a current ratio of 7.55, a quick ratio of 6.46 and a debt-to-equity ratio of 1.01. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $42.85 and a twelve month high of $80.30.

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) last posted its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $172.30 million for the quarter, compared to analysts’ expectations of $170.04 million. MACOM Technology Solutions had a net margin of 33.38% and a return on equity of 27.65%. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.26 earnings per share for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Ambra R. Roth sold 6,903 shares of the stock in a transaction dated Monday, June 27th. The shares were sold at an average price of $50.00, for a total value of $345,150.00. Following the completion of the transaction, the senior vice president now owns 23,681 shares in the company, valued at approximately $1,184,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other MACOM Technology Solutions news, CFO John Kober sold 4,182 shares of the company’s stock in a transaction dated Tuesday, May 17th. The shares were sold at an average price of $52.74, for a total transaction of $220,558.68. Following the completion of the sale, the chief financial officer now directly owns 77,471 shares of the company’s stock, valued at $4,085,820.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Ambra R. Roth sold 6,903 shares of the stock in a transaction that occurred on Monday, June 27th. The stock was sold at an average price of $50.00, for a total transaction of $345,150.00. Following the completion of the sale, the senior vice president now directly owns 23,681 shares of the company’s stock, valued at $1,184,050. The disclosure for this sale can be found here. Over the last quarter, insiders sold 17,185 shares of company stock worth $877,818. Insiders own 28.30% of the company’s stock.

About MACOM Technology Solutions

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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, the Asia Pacific, and internationally.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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