Rakuten Securities Inc. Takes Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Rakuten Securities Inc. bought a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 360 shares of the semiconductor company’s stock, valued at approximately $47,000.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $35,000. Citigroup Inc. increased its position in shares of MACOM Technology Solutions by 46.2% during the third 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 last quarter. Westfield Capital Management Co. LP increased its position 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 valued at $134,686,000 after acquiring an additional 210,151 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of 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 acquiring an additional 116,090 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of MACOM Technology Solutions by 103.6% during the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 6,015 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares in the company, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the transaction, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 746,198 shares of company stock worth $92,503,343. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Trading Up 6.0 %

Shares of MTSI stock opened at $106.97 on Thursday. 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 business has a 50-day moving average price of $126.84 and a two-hundred day moving average price of $122.25. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $88.18 and a 12-month high of $152.50. The firm has a market cap of $7.95 billion, a P/E ratio of -74.28, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data 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%. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report 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 company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

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.