Northern Trust Corp Purchases 85,104 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Northern Trust Corp boosted its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 21.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 479,046 shares of the semiconductor company’s stock after buying an additional 85,104 shares during the quarter. Northern Trust Corp’s holdings in MACOM Technology Solutions were worth $62,233,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its holdings in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 101 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter worth $33,000. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at about $35,000. ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions in the fourth quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC raised its stake in MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Down 2.6 %

NASDAQ:MTSI opened at $110.82 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The firm’s fifty day moving average is $103.13 and its 200-day moving average is $120.80. The firm has a market cap of $8.24 billion, a P/E ratio of -76.96, a P/E/G ratio of 2.42 and a beta of 1.36. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results 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 positive return on equity of 12.42% and a negative net margin of 13.05%. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

MTSI has been the topic of a number of research analyst reports. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a research note on Wednesday, April 9th. Truist Financial started coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They set a “buy” rating and a $125.00 price target for the company. Benchmark restated a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Stifel Nicolaus dropped their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Finally, Bank of America reduced their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $128.64.

Insiders Place Their Bets

In related news, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the transaction, the senior vice president now directly owns 35,603 shares of the company’s stock, valued at $3,560,300. This represents a 15.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 transaction of $5,737,645.55. Following the completion of the sale, the director now directly owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 743,064 shares of company stock worth $91,879,525. 16.30% of the stock is owned by corporate 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.