Teacher Retirement System of Texas Has $2.67 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Teacher Retirement System of Texas lifted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 405.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,575 shares of the semiconductor company’s stock after buying an additional 16,501 shares during the period. Teacher Retirement System of Texas’ holdings in MACOM Technology Solutions were worth $2,673,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of MTSI. Geode Capital Management LLC increased its stake in shares of MACOM Technology Solutions by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after acquiring an additional 46,812 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Jennison Associates LLC increased its position in MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock worth $69,172,000 after purchasing an additional 2,646 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of MACOM Technology Solutions by 0.3% during the 4th 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 in the last quarter. Finally, Polar Asset Management Partners Inc. lifted its holdings in shares of MACOM Technology Solutions by 6.8% during the 3rd quarter. Polar Asset Management Partners Inc. now owns 184,800 shares of the semiconductor company’s stock valued at $20,561,000 after buying an additional 11,800 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Insiders Place Their Bets

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the sale, the chief financial officer now owns 49,239 shares in the company, valued at $6,405,501.51. This represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total value of $12,101,150.16. Following the transaction, the director now owns 4,689,225 shares of the company’s stock, valued at $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock valued at $92,503,343 in the last 90 days. 16.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on MTSI shares. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Stock Down 0.5 %

MTSI stock opened at $112.24 on Wednesday. The business has a 50-day moving average of $121.77 and a 200-day moving average of $122.63. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $90.01 and a fifty-two week high of $152.50. The stock has a market capitalization of $8.34 billion, a P/E ratio of -77.94, a P/E/G ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

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

About MACOM Technology Solutions

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.