Quantinno Capital Management LP Grows Stock Holdings in MACOM Technology Solutions Holdings, Inc. $MTSI

Quantinno Capital Management LP lifted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 22.8% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,836 shares of the semiconductor company’s stock after purchasing an additional 5,170 shares during the quarter. Quantinno Capital Management LP’s holdings in MACOM Technology Solutions were worth $6,182,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SummitTX Capital L.P. bought a new position in MACOM Technology Solutions during the 1st quarter valued at approximately $599,000. Insight Holdings Group LLC bought a new stake in MACOM Technology Solutions in the first quarter worth $4,794,000. Public Employees Retirement System of Ohio boosted its holdings in MACOM Technology Solutions by 5.5% in the first quarter. Public Employees Retirement System of Ohio now owns 20,230 shares of the semiconductor company’s stock worth $4,492,000 after acquiring an additional 1,056 shares in the last quarter. Compound Planning Inc. purchased a new stake in shares of MACOM Technology Solutions in the first quarter worth $206,000. Finally, Arrowstreet Capital Limited Partnership grew its stake in shares of MACOM Technology Solutions by 20.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 85,035 shares of the semiconductor company’s stock worth $18,884,000 after acquiring an additional 14,566 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MTSI shares. JPMorgan Chase & Co. raised their price target on MACOM Technology Solutions from $240.00 to $345.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Wall Street Zen cut shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Saturday, July 25th. Barclays increased their price objective on shares of MACOM Technology Solutions from $400.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, May 22nd. Needham & Company LLC raised their price objective on shares of MACOM Technology Solutions from $250.00 to $400.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, HC Wainwright reaffirmed a “buy” rating on shares of MACOM Technology Solutions in a report on Wednesday, June 3rd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $330.45.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Peter Y. Chung sold 43,268 shares of the company’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $378.20, for a total transaction of $16,363,957.60. Following the transaction, the director owned 6,781 shares in the company, valued at approximately $2,564,574.20. This represents a 86.45% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Stephen G. Daly sold 15,828 shares of the firm’s stock in a transaction dated Friday, May 29th. The shares were sold at an average price of $365.75, for a total transaction of $5,789,091.00. Following the sale, the chief executive officer directly owned 38,389 shares in the company, valued at approximately $14,040,776.75. The trade was a 29.19% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 74,378 shares of company stock valued at $27,732,022 over the last three months. 0.36% of the stock is owned by insiders.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $263.46 on Thursday. The company has a market cap of $20.10 billion, a price-to-earnings ratio of 114.05, a P/E/G ratio of 2.24 and a beta of 1.70. The business’s fifty day simple moving average is $328.14 and its two-hundred day simple moving average is $286.07. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $118.16 and a 12 month high of $418.90. The company has a current ratio of 7.52, a quick ratio of 5.84 and a debt-to-equity ratio of 0.29.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, May 7th. The semiconductor company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.02. The firm had revenue of $288.95 million during the quarter, compared to analysts’ expectations of $285.20 million. MACOM Technology Solutions had a return on equity of 16.01% and a net margin of 16.46%.The company’s revenue was up 22.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 earnings per share. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 3.68 earnings per share for the current fiscal year.

About MACOM Technology Solutions

MACOM Technology Solutions is a semiconductor company specializing in high-performance analog, microwave, millimeter-wave and photonic semiconductor solutions. Its product portfolio includes amplifiers, switches, modulators, detectors and integrated circuits designed to optimize signal integrity, power management and data transmission. MACOM’s offerings address both digital and optical domains, providing critical building blocks for next-generation communications infrastructure.

The company’s solutions serve a diverse set of end markets, including wireless and wireline telecom, data centers, satellite communications, aerospace and defense, industrial and automotive applications.