Raymond James Financial Inc. Purchases Shares of 66,426 MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Raymond James Financial Inc. purchased a new stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 66,426 shares of the semiconductor company’s stock, valued at approximately $8,630,000.

Several other institutional investors also recently modified their holdings of MTSI. Natixis Advisors LLC increased its holdings in shares of MACOM Technology Solutions by 1.8% in the third quarter. Natixis Advisors LLC now owns 29,025 shares of the semiconductor company’s stock valued at $3,229,000 after buying an additional 512 shares in the last quarter. Thrivent Financial for Lutherans grew its position in MACOM Technology Solutions by 2.5% during the 3rd quarter. Thrivent Financial for Lutherans now owns 13,568 shares of the semiconductor company’s stock worth $1,510,000 after purchasing an additional 327 shares in the last quarter. Pathstone Holdings LLC grew its position in MACOM Technology Solutions by 7.5% during the 3rd quarter. Pathstone Holdings LLC now owns 18,553 shares of the semiconductor company’s stock worth $2,064,000 after purchasing an additional 1,294 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in MACOM Technology Solutions during the 3rd quarter worth approximately $1,577,000. Finally, Intech Investment Management LLC purchased a new position in MACOM Technology Solutions during the 3rd quarter worth approximately $279,000. Institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MTSI. Benchmark reiterated a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Trading Down 1.6 %

MACOM Technology Solutions stock opened at $106.89 on Friday. The company’s fifty day simple moving average is $122.61 and its 200-day simple moving average is $122.26. 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 12 month low of $90.01 and a 12 month high of $152.50. The stock has a market cap of $7.95 billion, a P/E ratio of -74.23, a P/E/G ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO John Kober sold 2,250 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the completion of the sale, the chief financial officer now directly owns 49,239 shares in the company, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 97,527 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now owns 4,689,225 shares of the company’s stock, valued at $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 746,198 shares of company stock worth $92,503,343. Corporate insiders own 16.30% of the company’s stock.

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.