Knights of Columbus Asset Advisors LLC Has $2.30 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Knights of Columbus Asset Advisors LLC boosted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 19.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,724 shares of the semiconductor company’s stock after buying an additional 2,942 shares during the quarter. Knights of Columbus Asset Advisors LLC’s holdings in MACOM Technology Solutions were worth $2,303,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of MTSI. SBI Securities Co. Ltd. bought a new position in 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 third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after purchasing an additional 21,786 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in MACOM Technology Solutions by 21.0% in 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 purchasing an additional 210,151 shares in the last quarter. Algert Global LLC grew its stake in MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after purchasing an additional 6,015 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in MACOM Technology Solutions by 18.4% in 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.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Benchmark reiterated a “buy” rating and set a $160.00 target price 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 lifted their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two equities research 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Stock Performance

MTSI opened at $106.89 on Friday. The business has a fifty day simple moving average of $122.61 and a 200 day simple moving average of $122.26. The company has a market capitalization of $7.95 billion, a PE ratio of -74.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $90.01 and a 1 year high of $152.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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%. Research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on 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 directly owns 49,239 shares of the company’s stock, valued at $6,405,501.51. The trade was a 4.37 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction on Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the transaction, the director now directly owns 5,509,746 shares of the company’s stock, valued at $690,646,661.10. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock worth $92,503,343 in the last ninety days. 16.30% of the stock is owned by company insiders.

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.