Venturi Wealth Management LLC Takes $160,000 Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Venturi Wealth Management LLC purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 1,230 shares of the semiconductor company’s stock, valued at approximately $160,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Louisiana State Employees Retirement System raised its stake in shares of MACOM Technology Solutions by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock valued at $2,092,000 after acquiring an additional 100 shares in the last quarter. UMB Bank n.a. raised its stake in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 101 shares in the last quarter. EP Wealth Advisors LLC raised its stake in shares of MACOM Technology Solutions by 4.2% during the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock valued at $302,000 after acquiring an additional 110 shares in the last quarter. CIBC Asset Management Inc raised its stake in shares of MACOM Technology Solutions by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 112 shares in the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in shares of MACOM Technology Solutions by 6.1% during the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 137 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Insider Activity

In other news, Director Susan Ocampo sold 300,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now directly owns 4,823,636 shares of the company’s stock, valued at $598,757,936.68. The trade was a 5.86 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now directly owns 6,564 shares in the company, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 662,473 shares of company stock valued at $82,292,578 over the last ninety days. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock opened at $120.65 on Friday. The business’s fifty day simple moving average is $132.86 and its 200-day simple moving average is $121.44. The company has a market cap of $8.97 billion, a PE ratio of -83.78, a PEG ratio of 2.42 and a beta of 1.71. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.21 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (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%. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

MTSI has been the subject of a number of recent research reports. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Barclays boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Benchmark reissued a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

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.