ORG Wealth Partners LLC Has $442,000 Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

ORG Wealth Partners LLC increased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1,462.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 4,359 shares of the semiconductor company’s stock after buying an additional 4,080 shares during the quarter. ORG Wealth Partners LLC’s holdings in MACOM Technology Solutions were worth $442,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Elequin Capital LP bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $26,000. Opal Wealth Advisors LLC bought a new stake in MACOM Technology Solutions during the 1st quarter worth approximately $25,000. Empowered Funds LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC increased its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the firm’s stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $125.65, for a total transaction of $282,712.50. Following the sale, the chief financial officer now owns 47,128 shares in the company, valued at $5,921,633.20. This trade represents a 4.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the firm’s stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $123.58, for a total value of $37,074,000.00. Following the sale, the director now owns 4,377,764 shares in the company, valued at $541,004,075.12. The trade was a 6.41% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 449,227 shares of company stock worth $55,416,217. Corporate insiders own 16.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts have commented on the company. Bank of America decreased their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a report on Wednesday, April 16th. Benchmark reaffirmed a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Friday, May 9th. Stifel Nicolaus reduced their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Barclays upped their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Finally, Truist Financial initiated coverage on MACOM Technology Solutions in a report on Friday, April 11th. They issued a “buy” rating and a $125.00 target price for the company. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus target price of $130.50.

MACOM Technology Solutions Trading Up 2.8%

NASDAQ:MTSI opened at $134.32 on Thursday. The company has a market cap of $9.99 billion, a P/E ratio of -110.10, a P/E/G ratio of 2.52 and a beta of 1.40. The stock’s fifty day moving average price is $116.19 and its two-hundred day moving average price is $120.79. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The firm had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same quarter in the prior year, the business posted $0.59 earnings per share. The business’s quarterly revenue was up 30.2% on a year-over-year basis. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.