MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Holdings Raised by Arizona State Retirement System

Arizona State Retirement System grew its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Get Rating) by 1.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,172 shares of the semiconductor company’s stock after acquiring an additional 211 shares during the quarter. Arizona State Retirement System’s holdings in MACOM Technology Solutions were worth $789,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. NorthCrest Asset Manangement LLC bought a new position in MACOM Technology Solutions during the 1st quarter worth $341,000. Keybank National Association OH bought a new position in MACOM Technology Solutions during the 1st quarter worth $1,857,000. Alberta Investment Management Corp bought a new position in MACOM Technology Solutions during the 4th quarter worth $643,000. CWM LLC grew its stake in MACOM Technology Solutions by 55.9% during the 1st quarter. CWM LLC now owns 664 shares of the semiconductor company’s stock worth $40,000 after buying an additional 238 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in MACOM Technology Solutions by 20.0% during the 4th quarter. Principal Financial Group Inc. now owns 185,095 shares of the semiconductor company’s stock worth $14,492,000 after buying an additional 30,823 shares during the last quarter. 97.56% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Stock Up 1.7 %

NASDAQ:MTSI opened at $58.92 on Wednesday. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 1.62 and a beta of 2.03. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $42.85 and a 1-year high of $80.30. The company has a current ratio of 7.55, a quick ratio of 6.46 and a debt-to-equity ratio of 1.01. The business’s fifty day moving average price is $50.23 and its 200 day moving average price is $54.72.

MACOM Technology Solutions (NASDAQ:MTSI – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm had revenue of $172.30 million for the quarter, compared to analyst estimates of $170.04 million. MACOM Technology Solutions had a return on equity of 27.65% and a net margin of 33.38%. MACOM Technology Solutions’s quarterly revenue was up 12.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 earnings per share. On average, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.21 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MTSI shares. Piper Sandler lowered their price objective on MACOM Technology Solutions from $85.00 to $65.00 and set an “overweight” rating for the company in a research note on Thursday, June 23rd. Craig Hallum decreased their price target on MACOM Technology Solutions from $95.00 to $70.00 and set a “buy” rating for the company in a research note on Thursday, April 14th. Northland Securities decreased their price target on MACOM Technology Solutions from $75.00 to $70.00 in a research note on Friday, July 29th. Cowen increased their price target on MACOM Technology Solutions from $55.00 to $68.00 in a research note on Friday, July 29th. Finally, Cowen upped their price objective on MACOM Technology Solutions from $55.00 to $68.00 in a report on Friday, July 29th. Eight research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $70.64.

Insider Activity at MACOM Technology Solutions

In related news, SVP Ambra R. Roth sold 6,903 shares of the company’s stock in a transaction on Monday, June 27th. The stock was sold at an average price of $50.00, for a total transaction of $345,150.00. Following the transaction, the senior vice president now directly owns 23,681 shares of the company’s stock, valued at $1,184,050. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 6,903 shares of the company’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $50.00, for a total value of $345,150.00. Following the transaction, the senior vice president now directly owns 23,681 shares of the company’s stock, valued at approximately $1,184,050. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO John Kober sold 4,182 shares of the company’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $52.74, for a total value of $220,558.68. Following the completion of the transaction, the chief financial officer now directly owns 77,471 shares in the company, valued at $4,085,820.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,085 shares of company stock valued at $872,069. Company insiders own 28.30% of the company’s stock.

MACOM Technology Solutions Profile

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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, the Asia Pacific, and internationally.

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