Entropy Technologies LP Acquires New Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Entropy Technologies LP bought a new position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 11,292 shares of the semiconductor company’s stock, valued at approximately $1,467,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Citigroup Inc. grew its holdings in shares of MACOM Technology Solutions by 46.2% during the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock worth $7,672,000 after buying an additional 21,786 shares in the last quarter. Westfield Capital Management Co. LP grew its stake in shares of MACOM Technology Solutions by 21.0% during 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 acquiring an additional 210,151 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of 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 during the last quarter. Algert Global LLC lifted its position in shares of MACOM Technology Solutions by 103.6% in the third quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 6,015 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in MACOM Technology Solutions during the third quarter worth $11,005,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $127.21 on Monday. The company has a market cap of $9.46 billion, a P/E ratio of -88.34, a P/E/G ratio of 2.27 and a beta of 1.71. The firm’s fifty day moving average price is $135.97 and its two-hundred day moving average price is $120.04. MACOM Technology Solutions Holdings, Inc. has a one year low of $80.40 and a one 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 6.55.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS 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 analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have commented on MTSI shares. Benchmark boosted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Barclays upped their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, November 8th. Northland Securities raised their price target on MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Finally, Piper Sandler upped their price objective 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. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $128.00.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 105,782 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the transaction, 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 through the SEC website. Also, SVP Robert Dennehy sold 2,539 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $120.80, for a total transaction of $306,711.20. Following the completion of the sale, the senior vice president now directly owns 31,206 shares of the company’s stock, valued at $3,769,684.80. This represents a 7.52 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 218,532 shares of company stock worth $27,902,795. Company insiders own 16.30% of the company’s stock.

About MACOM Technology Solutions

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.