Legato Capital Management LLC Buys 6,085 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Legato Capital Management LLC increased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 51.3% during the 4th quarter, Holdings Channel reports. The fund owned 17,938 shares of the semiconductor company’s stock after acquiring an additional 6,085 shares during the period. Legato Capital Management LLC’s holdings in MACOM Technology Solutions were worth $2,330,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Westfield Capital Management Co. LP boosted its position 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 purchasing an additional 210,151 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock worth $59,037,000 after buying an additional 182,058 shares during the period. The Manufacturers Life Insurance Company grew its stake in 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 acquiring an additional 116,090 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the third quarter valued at approximately $11,005,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of MACOM Technology Solutions during the third quarter worth approximately $8,916,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

MTSI has been the subject of several research reports. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday. Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price target for the company from $105.00 to $140.00 in a research report on Monday. Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday. Finally, Piper Sandler upped their price objective on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

MACOM Technology Solutions Trading Down 0.4 %

NASDAQ:MTSI opened at $122.27 on Wednesday. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $81.14 and a 12 month high of $152.50. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The firm’s 50 day moving average is $135.31 and its 200 day moving average is $120.37.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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 research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 5,914,008 shares of the company’s stock, valued at approximately $731,385,369.36. This represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares in the company, valued at $912,855.48. This represents a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 193,181 shares of company stock worth $24,605,897. 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.