Arcadia Investment Management Corp MI Makes New Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Arcadia Investment Management Corp MI acquired a new position 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. The fund acquired 1,144 shares of the semiconductor company’s stock, valued at approximately $149,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. raised its stake in MACOM Technology Solutions by 74.3% in the 4th 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 acquired a new stake in MACOM Technology Solutions in the 4th quarter worth about $33,000. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter worth about $36,000. Blue Trust Inc. raised its stake in MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 264 shares in the last quarter. Finally, Quarry LP acquired a new stake in MACOM Technology Solutions in the 3rd quarter worth about $57,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $124.01 on Friday. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $133.23 and its 200 day moving average is $121.26. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $82.36 and a 1 year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the sale, the director now directly owns 14,031 shares in the company, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction that occurred 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 owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 662,473 shares of company stock worth $82,292,578 in the last ninety days. Company insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on MTSI shares. Benchmark reissued a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Barclays raised their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Piper Sandler raised their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a report on Friday, October 25th. 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 company. Based on data from MarketBeat, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

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.