Lecap Asset Management Ltd. Acquires New Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Lecap Asset Management Ltd. acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 14,323 shares of the semiconductor company’s stock, valued at approximately $1,861,000.

Other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC increased its position in MACOM Technology Solutions by 4.2% during the second quarter. AQR Capital Management LLC now owns 15,715 shares of the semiconductor company’s stock worth $1,752,000 after buying an additional 629 shares in the last quarter. Creative Planning increased its position in MACOM Technology Solutions by 50.0% during the second quarter. Creative Planning now owns 9,362 shares of the semiconductor company’s stock worth $1,044,000 after buying an additional 3,119 shares in the last quarter. GAMMA Investing LLC increased its position in MACOM Technology Solutions by 75.4% during the third quarter. GAMMA Investing LLC now owns 821 shares of the semiconductor company’s stock worth $91,000 after buying an additional 353 shares in the last quarter. CWM LLC increased its position in MACOM Technology Solutions by 16.4% during the third quarter. CWM LLC now owns 1,689 shares of the semiconductor company’s stock worth $188,000 after buying an additional 238 shares in the last quarter. Finally, nVerses Capital LLC purchased a new position in MACOM Technology Solutions during the third quarter worth $367,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares in the company, valued at $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO John Kober sold 19,470 shares of the business’s stock in a transaction dated Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total value of $2,470,353.60. Following the transaction, the chief financial officer now owns 51,489 shares in the company, valued at approximately $6,532,924.32. This represents a 27.44 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,532 shares of company stock worth $27,902,795 over the last quarter. 16.30% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MTSI has been the subject of several recent research reports. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Barclays raised their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Benchmark lifted their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler lifted their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $128.00.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $129.50 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $79.53 and a twelve month high of $152.50. The stock has a market capitalization of $9.63 billion, a P/E ratio of 125.73, a PEG ratio of 2.32 and a beta of 1.71. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43. The business’s fifty day moving average price is $136.08 and its 200 day moving average price is $119.68.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a net margin of 10.53% and a return on equity of 12.91%. As a group, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current year.

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.