Harvest Fund Management Co. Ltd Invests $69,000 in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Harvest Fund Management Co. Ltd purchased a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 812 shares of the semiconductor company’s stock, valued at approximately $69,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $1,644,000. Asset Management One Co. Ltd. lifted its position in MACOM Technology Solutions by 8.6% in the 3rd quarter. Asset Management One Co. Ltd. now owns 3,732 shares of the semiconductor company’s stock valued at $304,000 after acquiring an additional 294 shares in the last quarter. Verdence Capital Advisors LLC bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $236,000. Strs Ohio lifted its position in MACOM Technology Solutions by 54.5% in the 3rd quarter. Strs Ohio now owns 5,100 shares of the semiconductor company’s stock valued at $416,000 after acquiring an additional 1,800 shares in the last quarter. Finally, Advisor Partners II LLC bought a new stake in MACOM Technology Solutions in the 3rd quarter valued at $220,000. 76.14% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MTSI has been the topic of several analyst reports. Piper Sandler reissued a “neutral” rating and set a $85.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a research report on Friday, February 2nd. TheStreet cut shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Evercore ISI initiated coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price target on the stock. Finally, Stifel Nicolaus boosted their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.67.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI opened at $100.58 on Friday. The company’s 50 day simple moving average is $93.97 and its 200 day simple moving average is $87.31. The stock has a market capitalization of $7.25 billion, a price-to-earnings ratio of 96.71, a price-to-earnings-growth ratio of 6.38 and a beta of 1.64. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $48.53 and a 1 year high of $104.90.

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

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction on Friday, March 15th. The shares were sold at an average price of $88.88, for a total transaction of $210,645.60. Following the transaction, the senior vice president now owns 32,827 shares in the company, valued at $2,917,663.76. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, Director Susan Ocampo sold 200,000 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total value of $16,478,000.00. Following the transaction, the director now owns 7,645,668 shares in the company, valued at $629,926,586.52. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Robert Dennehy sold 2,370 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $88.88, for a total transaction of $210,645.60. Following the completion of the transaction, the senior vice president now owns 32,827 shares in the company, valued at approximately $2,917,663.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 811,058 shares of company stock valued at $68,674,574. 22.75% of the stock is currently owned by insiders.

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.