Maryland State Retirement & Pension System Acquires Shares of 4,346 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Maryland State Retirement & Pension System bought a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 2nd quarter, according to its most recent disclosure with the SEC. The firm bought 4,346 shares of the semiconductor company’s stock, valued at approximately $484,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 448,448 shares of the semiconductor company’s stock worth $41,683,000 after purchasing an additional 7,967 shares in the last quarter. Mesirow Institutional Investment Management Inc. bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $8,918,000. Principal Financial Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 4.6% during the fourth quarter. Principal Financial Group Inc. now owns 517,283 shares of the semiconductor company’s stock valued at $48,081,000 after purchasing an additional 22,662 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its stake in shares of MACOM Technology Solutions by 9.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 7,195 shares of the semiconductor company’s stock worth $669,000 after buying an additional 611 shares during the last quarter. Finally, Thornburg Investment Management Inc. bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $6,118,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Down 10.3 %

NASDAQ MTSI opened at $97.97 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $68.58 and a 52 week high of $118.76. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $7.06 billion, a P/E ratio of 111.33, a price-to-earnings-growth ratio of 5.58 and a beta of 1.69. The stock’s 50-day moving average price is $106.02 and its 200-day moving average price is $101.07.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. The business had revenue of $190.50 million for the quarter, compared to the consensus estimate of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.42 earnings per share. On average, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total transaction of $531,250.00. Following the completion of the sale, the senior vice president now directly owns 41,523 shares of the company’s stock, valued at approximately $4,411,818.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the company’s stock in a transaction that occurred on 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 approximately $4,411,818.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 305,395 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total transaction of $32,518,459.60. Following the sale, the director now directly owns 6,550,889 shares in the company, valued at approximately $697,538,660.72. The disclosure for this sale can be found here. Insiders sold a total of 627,559 shares of company stock valued at $66,504,534 over the last 90 days. Company insiders own 22.75% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MTSI. Benchmark lifted their target price on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, August 2nd. Needham & Company LLC upped 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. JPMorgan Chase & Co. increased their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Stifel Nicolaus lifted their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Barclays upped their price objective on MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $117.00.

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.