Legato Capital Management LLC Has $2.33 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Legato Capital Management LLC raised its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 51.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,938 shares of the semiconductor company’s stock after acquiring an additional 6,085 shares during the quarter. Legato Capital Management LLC’s holdings in MACOM Technology Solutions were worth $2,330,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Westfield Capital Management Co. LP increased its stake in shares of MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after acquiring an additional 182,058 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after acquiring an additional 116,090 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth $11,005,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of MACOM Technology Solutions in the third quarter worth $8,916,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $122.27 on Wednesday. The stock has a 50-day moving average price of $135.31 and a two-hundred day moving average price of $120.37. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $81.14 and a 12 month high of $152.50. The company has a current ratio of 3.61, a quick ratio of 6.55 and a debt-to-equity ratio of 0.33.

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%. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on MTSI shares. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday. Barclays increased 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 report on Friday, November 8th. Piper Sandler boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday. Finally, Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $105.00 to $140.00 in a report on Monday. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Insiders Place Their Bets

In other news, SVP Robert Dennehy sold 2,539 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $120.80, for a total transaction of $306,711.20. Following the completion of the transaction, the senior vice president now directly owns 31,206 shares in the company, valued at $3,769,684.80. This trade represents a 7.52 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the sale, the director now owns 5,914,008 shares in the company, valued at $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 193,181 shares of company stock valued at $24,605,897. 16.30% of the stock is currently owned by company insiders.

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.