Conestoga Capital Advisors LLC Buys 56,200 Shares of MACOM Technology Solutions Holdings, Inc. $MTSI

Conestoga Capital Advisors LLC purchased a new stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 56,200 shares of the semiconductor company’s stock, valued at approximately $16,007,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Rakuten Investment Management Inc. bought a new stake in MACOM Technology Solutions during the third quarter worth about $3,329,000. Provenance Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions during the 3rd quarter valued at $534,000. Oregon Public Employees Retirement Fund grew its stake in shares of MACOM Technology Solutions by 6.4% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 14,423 shares of the semiconductor company’s stock valued at $4,108,000 after purchasing an additional 863 shares during the period. Capital CS Group LLC increased its holdings in MACOM Technology Solutions by 21.0% during the third quarter. Capital CS Group LLC now owns 2,199 shares of the semiconductor company’s stock valued at $626,000 after buying an additional 382 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in MACOM Technology Solutions by 17.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,391 shares of the semiconductor company’s stock worth $966,000 after purchasing an additional 511 shares during the period. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings lowered MACOM Technology Solutions from a “hold (c+)” rating to a “hold (c)” rating in a research note on Friday, August 21st. Zacks Research upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 24th. BMO Capital Markets raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and set a $335.00 price objective on the stock in a research report on Friday, September 18th. Needham & Company LLC boosted their target price on shares of MACOM Technology Solutions from $400.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Finally, Susquehanna reduced their price objective on MACOM Technology Solutions from $350.00 to $300.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average price target of $338.08.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 1,027 shares of the business’s stock in a transaction dated Monday, October 26th. The shares were sold at an average price of $236.60, for a total transaction of $242,988.20. Following the sale, the chief financial officer directly owned 34,405 shares in the company, valued at approximately $8,140,223. The trade was a 2.90% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Ambra R. Roth sold 653 shares of the company’s stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $300.00, for a total value of $195,900.00. Following the completion of the sale, the senior vice president owned 9,184 shares of the company’s stock, valued at approximately $2,755,200. This trade represents a 6.64% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 9,321 shares of company stock worth $2,917,644. 0.36% of the stock is owned by insiders.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $233.13 on Thursday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $144.62 and a 52 week high of $418.90. The company has a current ratio of 2.34, a quick ratio of 1.78 and a debt-to-equity ratio of 0.04. The firm has a market cap of $17.80 billion, a price-to-earnings ratio of 74.96, a PEG ratio of 0.77 and a beta of 1.82. The stock has a 50 day moving average of $273.90 and a 200-day moving average of $283.02.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, August 6th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.05. The firm had revenue of $342.24 million for the quarter, compared to analysts’ expectations of $336.08 million. MACOM Technology Solutions had a return on equity of 17.82% and a net margin of 20.70%. The firm’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same period last year, the business posted $0.90 earnings per share. As a group, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 4.26 EPS for the current year.

MACOM Technology Solutions Profile

MACOM Technology Solutions Holdings, Inc develops and manufactures high-performance semiconductor products for applications involving radio frequency, microwave, millimeter-wave, analog, mixed-signal and optical technologies. Its offerings include integrated circuits, discrete components, modules and semiconductor devices designed to support communications, connectivity and sensing systems.

The company serves markets including telecommunications, data centers, aerospace and defense, industrial, automotive and consumer applications.