Texas Permanent School Fund Corp Has $3.28 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Posted by Defense World Staff on Jul 27th, 2023

Texas Permanent School Fund Corp raised its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 36.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 46,308 shares of the semiconductor company’s stock after acquiring an additional 12,265 shares during the period. Texas Permanent School Fund Corp owned about 0.07% of MACOM Technology Solutions worth $3,280,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc bought a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at approximately $29,000. Arcadia Investment Management Corp MI bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $48,000. Belpointe Asset Management LLC bought a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $52,000. Point72 Hong Kong Ltd grew its position in MACOM Technology Solutions by 69.9% during the 2nd quarter. Point72 Hong Kong Ltd now owns 1,451 shares of the semiconductor company’s stock worth $67,000 after acquiring an additional 597 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in MACOM Technology Solutions by 26.6% during the 2nd quarter. Captrust Financial Advisors now owns 1,466 shares of the semiconductor company’s stock worth $68,000 after acquiring an additional 308 shares during the last quarter. Institutional investors and hedge funds own 77.01% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. StockNews.com assumed coverage on MACOM Technology Solutions in a research report on Thursday, May 18th. They set a “hold” rating on the stock. Bank of America lowered MACOM Technology Solutions from a “buy” rating to a “neutral” rating and set a $72.00 price objective on the stock. in a research report on Tuesday, July 18th. Finally, TD Cowen decreased their price objective on MACOM Technology Solutions from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Friday, May 5th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $70.10.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $67.72 on Thursday. The company has a market capitalization of $4.80 billion, a PE ratio of 14.79, a PEG ratio of 7.28 and a beta of 1.82. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $48.53 and a 12 month high of $76.56. The company has a current ratio of 9.30, a quick ratio of 7.85 and a debt-to-equity ratio of 0.67. The stock’s fifty day simple moving average is $61.99 and its 200 day simple moving average is $64.20.

MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings data on Thursday, May 4th. The semiconductor company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $169.41 million for the quarter, compared to the consensus estimate of $167.91 million. MACOM Technology Solutions had a return on equity of 22.95% and a net margin of 46.70%. On average, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.05 EPS for the current year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 3,250 shares of the stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $65.80, for a total transaction of $213,850.00. Following the completion of the transaction, the senior vice president now owns 39,085 shares in the company, valued at approximately $2,571,793. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, SVP Ambra R. Roth sold 830 shares of the firm’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $60.00, for a total value of $49,800.00. Following the completion of the transaction, the senior vice president now owns 8,469 shares in the company, valued at approximately $508,140. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Robert Dennehy sold 3,250 shares of the firm’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $65.80, for a total value of $213,850.00. Following the completion of the transaction, the senior vice president now owns 39,085 shares of the company’s stock, valued at approximately $2,571,793. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,330 shares of company stock worth $462,128. Corporate insiders own 24.00% of the company’s stock.

MACOM Technology Solutions Profile

(Free Report)

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, Taiwan, Japan, Singapore, Thailand, South Korea, Australia, Malaysia, and internationally.