Fox Run Management L.L.C. Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Fox Run Management L.L.C. purchased a new position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,848 shares of the semiconductor company’s stock, valued at approximately $1,279,000.

A number of other large investors also recently bought and sold shares of the business. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $35,000. Citigroup Inc. grew its stake in MACOM Technology Solutions by 46.2% in the 3rd quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after acquiring an additional 21,786 shares during the period. Westfield Capital Management Co. LP increased its holdings in MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after acquiring an additional 210,151 shares in the last quarter. Algert Global LLC raised its position in MACOM Technology Solutions by 103.6% during the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after acquiring an additional 6,015 shares during the period. Finally, The Manufacturers Life Insurance Company lifted its holdings in MACOM Technology Solutions by 18.4% during 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. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $106.89 on Friday. The business’s 50 day moving average price is $122.61 and its 200 day moving average price is $122.09. The company has a market cap of $7.95 billion, a price-to-earnings ratio of -74.23, a PEG ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a one year low of $90.01 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last posted 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, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on MTSI shares. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Securities upgraded 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 research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. This trade represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock valued at $92,503,343 over the last ninety days. Company 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.