Swiss National Bank Boosts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Swiss National Bank grew its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 113,550 shares of the semiconductor company’s stock after acquiring an additional 900 shares during the quarter. Swiss National Bank owned about 0.15% of MACOM Technology Solutions worth $14,751,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its position 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 worth $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $35,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of 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 and hedge funds own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on MTSI. Benchmark reissued a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $105.00 to $140.00 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 company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Price Performance

MTSI stock opened at $109.92 on Thursday. The stock’s fifty day simple moving average is $123.66 and its 200-day simple moving average is $122.20. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $90.01 and a 52-week high of $152.50. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of -76.33, a price-to-earnings-growth 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 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the firm’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the transaction, the chief financial officer now 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 legal filing with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at $5,806,381. This trade represents a 14.42 % 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 in the last quarter. Insiders own 16.30% of the company’s stock.

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.