Price T Rowe Associates Inc. MD Purchases 154,066 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Price T Rowe Associates Inc. MD lifted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 12.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,388,750 shares of the semiconductor company’s stock after buying an additional 154,066 shares during the period. Price T Rowe Associates Inc. MD owned about 1.93% of MACOM Technology Solutions worth $132,821,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MTSI. Duality Advisers LP lifted its position in MACOM Technology Solutions by 5.9% in the 4th quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock valued at $253,000 after acquiring an additional 152 shares in the last quarter. New York State Teachers Retirement System boosted its position in shares of MACOM Technology Solutions by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock valued at $765,000 after buying an additional 200 shares during the last quarter. Yousif Capital Management LLC increased its holdings in MACOM Technology Solutions by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after buying an additional 215 shares in the last quarter. Bridge City Capital LLC raised its position in MACOM Technology Solutions by 0.8% in the 1st quarter. Bridge City Capital LLC now owns 39,416 shares of the semiconductor company’s stock worth $3,770,000 after buying an additional 309 shares during the last quarter. Finally, Fulton Bank N.A. boosted its holdings in shares of MACOM Technology Solutions by 6.6% during the 4th quarter. Fulton Bank N.A. now owns 5,186 shares of the semiconductor company’s stock valued at $482,000 after acquiring an additional 323 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling

In other news, Director Charles R. Bland sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $102.39, for a total value of $255,975.00. Following the completion of the sale, the director now directly owns 26,439 shares of the company’s stock, valued at approximately $2,707,089.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Charles R. Bland sold 2,500 shares of the firm’s stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $102.39, for a total value of $255,975.00. Following the completion of the sale, the director now owns 26,439 shares in the company, valued at approximately $2,707,089.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Kober sold 13,666 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the transaction, the chief financial officer now owns 47,006 shares in the company, valued at $4,840,677.88. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 538,427 shares of company stock worth $55,391,868. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded down $0.72 during midday trading on Monday, reaching $99.44. 74,745 shares of the company were exchanged, compared to its average volume of 592,799. The stock has a market cap of $7.17 billion, a PE ratio of 113.82, a price-to-earnings-growth ratio of 5.12 and a beta of 1.70. The business’s fifty day moving average is $106.39 and its two-hundred day moving average is $97.85. MACOM Technology Solutions Holdings, Inc. has a one year low of $66.86 and a one year high of $118.76. The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). The firm had revenue of $181.23 million for the quarter, compared to analysts’ expectations of $180.97 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. As a group, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.92 earnings per share for the current year.

Analyst Ratings Changes

MTSI has been the topic of a number of research analyst reports. Needham & Company LLC increased their price objective on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Jefferies Financial Group restated a “buy” rating and issued a $135.00 price target (up from $100.00) on shares of MACOM Technology Solutions in a research note on Monday, May 13th. Benchmark upped their price objective on MACOM Technology Solutions from $95.00 to $115.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Barclays increased their target price on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Craig Hallum increased their price target on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $113.00.

MACOM Technology Solutions 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.