Venturi Wealth Management LLC Acquires New Shares in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Venturi Wealth Management LLC acquired a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,230 shares of the semiconductor company’s stock, valued at approximately $160,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in MTSI. Westfield Capital Management Co. LP raised 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 purchasing an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after purchasing an additional 182,058 shares during the period. The Manufacturers Life Insurance Company raised its holdings in MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in MACOM Technology Solutions in the 3rd quarter worth $11,005,000. Finally, Assenagon Asset Management S.A. bought a new position in MACOM Technology Solutions in the 3rd quarter worth $8,916,000. 76.14% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares in the company, valued at approximately $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 SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the transaction, the director now owns 4,823,636 shares of the company’s stock, valued at $598,757,936.68. This trade represents a 5.86 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 662,473 shares of company stock worth $82,292,578. Corporate insiders own 16.30% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MTSI. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Barclays increased their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research note on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Trading Down 2.7 %

Shares of MACOM Technology Solutions stock opened at $120.65 on Friday. The firm has a market cap of $8.97 billion, a price-to-earnings ratio of -83.78, a PEG ratio of 2.42 and a beta of 1.71. The business has a 50-day moving average price of $132.86 and a 200-day moving average price of $121.44. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.21 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal 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.