Retirement Systems of Alabama Raises Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Retirement Systems of Alabama lifted its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 99,826 shares of the semiconductor company’s stock after buying an additional 271 shares during the quarter. Retirement Systems of Alabama owned 0.13% of MACOM Technology Solutions worth $12,968,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. boosted its position in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares in the last quarter. ORG Wealth Partners LLC purchased a new stake in MACOM Technology Solutions during the fourth quarter worth about $36,000. Blue Trust Inc. grew its position in MACOM Technology Solutions by 122.2% during the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after buying an additional 264 shares during the period. Quarry LP purchased a new position in MACOM Technology Solutions in the third quarter valued at about $57,000. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of MACOM Technology Solutions during the 3rd quarter valued at approximately $66,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $123.67, for a total value of $13,082,059.94. Following the sale, the director now directly owns 5,914,008 shares of the company’s stock, valued at approximately $731,385,369.36. This trade represents a 1.76 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 218,532 shares of company stock worth $27,902,795 over the last quarter. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $127.21 on Friday. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $80.40 and a 12-month high of $152.50. The firm has a market cap of $9.46 billion, a price-to-earnings ratio of 123.51, a price-to-earnings-growth ratio of 2.32 and a beta of 1.71. The company’s 50-day moving average is $135.97 and its two-hundred day moving average is $119.82. The company has a current ratio of 8.35, a quick ratio of 6.55 and a debt-to-equity ratio of 0.43.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data 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 net margin of 10.53% and a return on equity of 12.91%. Research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Barclays upped their price target on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Benchmark raised their price target 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. Northland Securities lifted their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Finally, Piper Sandler increased their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus target price of $128.00.

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.