Zurcher Kantonalbank Zurich Cantonalbank Has $2.02 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 24.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 15,520 shares of the semiconductor company’s stock after buying an additional 3,050 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in MACOM Technology Solutions were worth $2,016,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. AlphaQuest LLC bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $42,000. Lisanti Capital Growth LLC lifted its stake in shares of MACOM Technology Solutions by 149.1% in the fourth quarter. Lisanti Capital Growth LLC now owns 41,290 shares of the semiconductor company’s stock valued at $5,364,000 after buying an additional 24,715 shares during the period. Raymond James Financial Inc. bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $8,630,000. Arizona State Retirement System lifted its stake in shares of MACOM Technology Solutions by 0.7% in the fourth quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company’s stock valued at $2,174,000 after buying an additional 122 shares during the period. Finally, Aigen Investment Management LP bought a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $681,000. Institutional investors own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MTSI shares. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their target price for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Benchmark restated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

Insider Transactions at MACOM Technology Solutions

In other news, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the transaction, the director now directly owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 746,198 shares of company stock valued at $92,503,343 over the last three months. 16.30% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Price Performance

MTSI opened at $109.07 on Monday. The company has a fifty day moving average price of $125.32 and a two-hundred day moving average price of $122.29. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $88.32 and a 52 week high of $152.50. The firm has a market capitalization of $8.11 billion, a PE ratio of -75.74, a P/E/G ratio of 2.42 and a beta of 1.74.

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

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.