Schonfeld Strategic Advisors LLC Buys 2,806 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Schonfeld Strategic Advisors LLC raised its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 53.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,092 shares of the semiconductor company’s stock after purchasing an additional 2,806 shares during the period. Schonfeld Strategic Advisors LLC’s holdings in MACOM Technology Solutions were worth $1,051,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new stake in MACOM Technology Solutions during the third quarter worth about $111,000. GAMMA Investing LLC grew its holdings in shares of MACOM Technology Solutions by 42.5% during the 4th quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company’s stock worth $152,000 after purchasing an additional 349 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $201,000. Fulton Bank N.A. raised its stake in shares of MACOM Technology Solutions by 7.7% in the fourth quarter. Fulton Bank N.A. now owns 5,281 shares of the semiconductor company’s stock valued at $686,000 after purchasing an additional 377 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions in the fourth quarter worth $36,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,471 shares of the company’s stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the transaction, the senior vice president now directly owns 35,603 shares in the company, valued at approximately $3,560,300. This represents a 15.38 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the sale, the director now owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 743,064 shares of company stock valued at $91,879,525. 16.30% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Stock Up 2.4 %

Shares of NASDAQ MTSI opened at $113.37 on Thursday. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company has a market cap of $8.43 billion, a price-to-earnings ratio of -78.73, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The firm’s 50-day simple moving average is $103.08 and its 200 day simple moving average is $120.74.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTSI. Barclays dropped their price objective on shares of MACOM Technology Solutions from $160.00 to $125.00 and set an “overweight” rating for the company in a research note on Tuesday, April 22nd. Bank of America dropped their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $105.00 to $140.00 in a report on Monday, February 10th. Truist Financial started coverage on MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 target price for the company. Finally, BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $128.64.

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.