Aigen Investment Management LP Buys New Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Aigen Investment Management LP bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 5,242 shares of the semiconductor company’s stock, valued at approximately $681,000.

Several other hedge funds have also made changes to their positions in MTSI. Proficio Capital Partners LLC bought a new position in MACOM Technology Solutions during the fourth quarter worth about $2,194,000. M&T Bank Corp lifted its stake in MACOM Technology Solutions by 8.0% during the fourth quarter. M&T Bank Corp now owns 2,143 shares of the semiconductor company’s stock worth $278,000 after purchasing an additional 158 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock worth $69,157,000 after purchasing an additional 1,719 shares during the period. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions during the fourth quarter worth about $35,000. Finally, Smartleaf Asset Management LLC lifted its stake in MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 138 shares during the period. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $104.00 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm has a market cap of $7.73 billion, a P/E ratio of -72.22, a P/E/G ratio of 2.42 and a beta of 1.71. The firm has a 50 day simple moving average of $129.32 and a 200 day simple moving average of $122.27. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $88.18 and a fifty-two week 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 for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. Sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions 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 owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the director now directly owns 4,823,636 shares of the company’s stock, valued at $598,757,936.68. This represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 747,564 shares of company stock valued at $92,693,312 over the last quarter. Corporate insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

MTSI has been the subject of a number of analyst reports. 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. 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. Barclays raised their price target 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. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $105.00 to $140.00 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 MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $131.50.

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.