CloudAlpha Capital Management Limited Hong Kong Makes New $6.91 Million Investment in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

CloudAlpha Capital Management Limited Hong Kong bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 62,003 shares of the semiconductor company’s stock, valued at approximately $6,911,000. MACOM Technology Solutions makes up 0.6% of CloudAlpha Capital Management Limited Hong Kong’s portfolio, making the stock its 14th biggest holding. CloudAlpha Capital Management Limited Hong Kong owned about 0.09% of MACOM Technology Solutions as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC grew its holdings in MACOM Technology Solutions by 9.3% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 7,195 shares of the semiconductor company’s stock valued at $669,000 after buying an additional 611 shares in the last quarter. Norges Bank acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $44,250,000. Coldstream Capital Management Inc. acquired a new stake in MACOM Technology Solutions during the fourth quarter worth about $210,000. Westfield Capital Management Co. LP purchased a new position in MACOM Technology Solutions during the fourth quarter worth about $42,762,000. Finally, TFO Wealth Partners LLC boosted its holdings in MACOM Technology Solutions by 20,825.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,348 shares of the semiconductor company’s stock valued at $311,000 after purchasing an additional 3,332 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTSI has been the topic of a number of recent analyst reports. Benchmark reiterated a “buy” rating and issued a $120.00 price objective on shares of MACOM Technology Solutions in a report on Thursday, September 12th. JPMorgan Chase & Co. upped their price target on MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Stifel Nicolaus raised their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 2nd. Finally, Barclays lifted their price target on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $117.00.

MACOM Technology Solutions Stock Up 0.6 %

Shares of NASDAQ:MTSI opened at $101.54 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $68.58 and a fifty-two week high of $118.76. The firm’s 50 day moving average price is $103.73 and its 200 day moving average price is $101.90. The company has a quick ratio of 6.33, a current ratio of 8.18 and a debt-to-equity ratio of 0.45. The stock has a market cap of $7.32 billion, a price-to-earnings ratio of 115.39, a price-to-earnings-growth ratio of 5.18 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.66. The business had revenue of $190.50 million for the quarter, compared to analyst estimates of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the business earned $0.42 EPS. As a group, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $106.25, for a total value of $531,250.00. Following the transaction, the senior vice president now owns 41,523 shares in the company, valued at approximately $4,411,818.75. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CEO Stephen G. Daly sold 21,012 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total value of $2,298,712.80. Following the completion of the sale, the chief executive officer now directly owns 64,472 shares of the company’s stock, valued at $7,053,236.80. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm’s stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $106.25, for a total value of $531,250.00. Following the transaction, the senior vice president now directly owns 41,523 shares in the company, valued at approximately $4,411,818.75. The disclosure for this sale can be found here. Insiders sold 652,946 shares of company stock valued at $69,260,741 in the last ninety days. Insiders own 22.75% of the company’s stock.

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.