Millennium Management LLC Has $149.21 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Millennium Management LLC boosted its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 958.1% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,338,600 shares of the semiconductor company’s stock after purchasing an additional 1,212,094 shares during the period. Millennium Management LLC’s holdings in MACOM Technology Solutions were worth $149,214,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 8.1% in the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in MACOM Technology Solutions by 12.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,388,750 shares of the semiconductor company’s stock valued at $132,821,000 after acquiring an additional 154,066 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in MACOM Technology Solutions by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 993,316 shares of the semiconductor company’s stock valued at $110,722,000 after acquiring an additional 69,689 shares during the last quarter. Hood River Capital Management LLC grew its position in shares of MACOM Technology Solutions by 280.5% in the 2nd quarter. Hood River Capital Management LLC now owns 704,834 shares of the semiconductor company’s stock valued at $78,568,000 after acquiring an additional 519,603 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in shares of MACOM Technology Solutions by 4.6% during the 4th quarter. The Manufacturers Life Insurance Company now owns 539,249 shares of the semiconductor company’s stock worth $50,123,000 after purchasing an additional 23,788 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the subject of several recent analyst reports. Needham & Company LLC raised their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Benchmark reaffirmed a “buy” rating and issued a $120.00 price objective on shares of MACOM Technology Solutions in a research report on Thursday, September 12th. Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. JPMorgan Chase & Co. increased their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Finally, Barclays lifted their price objective on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $117.00.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $106.25, for a total value of $531,250.00. Following the completion of the transaction, the senior vice president now owns 41,523 shares of the company’s stock, valued at $4,411,818.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of MACOM Technology Solutions stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $106.25, for a total transaction of $531,250.00. Following the sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at $4,411,818.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert Dennehy sold 6,683 shares of the company’s stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $106.78, for a total value of $713,610.74. Following the completion of the transaction, the senior vice president now directly owns 26,396 shares of the company’s stock, valued at approximately $2,818,564.88. The disclosure for this sale can be found here. In the last quarter, insiders have sold 659,861 shares of company stock worth $69,961,783. Insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Trading Down 1.5 %

Shares of NASDAQ:MTSI opened at $111.52 on Friday. The business’s 50 day simple moving average is $102.71 and its 200 day simple moving average is $102.55. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $68.58 and a 1 year high of $118.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 8.18 and a quick ratio of 6.33. The company has a market capitalization of $8.04 billion, a P/E ratio of 126.73, a P/E/G ratio of 5.46 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The firm had revenue of $190.50 million during the quarter, compared to the consensus estimate of $190.42 million. During the same period in the prior year, the company posted $0.42 EPS. The company’s revenue was up 5.0% compared to the same quarter last year. On average, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.89 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.