Avior Wealth Management LLC Acquires Shares of 3,308 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Avior Wealth Management LLC acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, Holdings Channel.com reports. The fund acquired 3,308 shares of the semiconductor company’s stock, valued at approximately $307,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in MACOM Technology Solutions by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after acquiring an additional 101,938 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in MACOM Technology Solutions by 90.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company’s stock valued at $235,511,000 after acquiring an additional 1,777,798 shares in the last quarter. State Street Corp raised its holdings in MACOM Technology Solutions by 6.8% in the 2nd quarter. State Street Corp now owns 2,420,793 shares of the semiconductor company’s stock valued at $158,635,000 after acquiring an additional 153,759 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in MACOM Technology Solutions by 5.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,684,015 shares of the semiconductor company’s stock valued at $100,822,000 after acquiring an additional 84,293 shares in the last quarter. Finally, Artisan Partners Limited Partnership raised its holdings in MACOM Technology Solutions by 29.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock valued at $92,053,000 after acquiring an additional 253,396 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTSI has been the subject of several analyst reports. Barclays lifted their price objective on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Evercore ISI assumed coverage on MACOM Technology Solutions in a research note on Tuesday. They issued an “outperform” rating and a $120.00 price target on the stock. Stifel Nicolaus lifted their price target on MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research note on Thursday. Needham & Company LLC lifted their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a research note on Friday, February 2nd. Finally, TheStreet lowered MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $99.67.

Insider Buying and Selling

In related news, SVP Wayne Mack Struble sold 1,019 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total transaction of $87,756.28. Following the sale, the senior vice president now owns 15,649 shares in the company, valued at approximately $1,347,691.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.77, for a total transaction of $547,158.18. Following the transaction, the senior vice president now directly owns 57,722 shares of the company’s stock, valued at approximately $5,066,259.94. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the transaction, the senior vice president now directly owns 15,649 shares in the company, valued at $1,347,691.88. The disclosure for this sale can be found here. Insiders have sold 811,058 shares of company stock worth $68,674,574 in the last 90 days. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Trading Down 2.5 %

Shares of MTSI stock opened at $92.81 on Friday. The firm has a market capitalization of $6.69 billion, a P/E ratio of 89.24, a P/E/G ratio of 6.03 and a beta of 1.64. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $48.53 and a twelve month high of $104.90. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48. The stock’s fifty day simple moving average is $93.17 and its 200 day simple moving average is $86.89.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. As a group, sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.02 EPS for the current fiscal year.

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.