Squarepoint Ops LLC Purchases Shares of 17,652 MACOM Technology Solutions Holdings Inc (MTSI)

Squarepoint Ops LLC bought a new position in MACOM Technology Solutions Holdings Inc (NASDAQ:MTSI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 17,652 shares of the semiconductor company’s stock, valued at approximately $256,000.

Other large investors have also modified their holdings of the company. Vanguard Group Inc grew its holdings in MACOM Technology Solutions by 2.9% during the 3rd quarter. Vanguard Group Inc now owns 4,015,004 shares of the semiconductor company’s stock valued at $82,709,000 after buying an additional 111,797 shares during the last quarter. Vanguard Group Inc. raised its position in MACOM Technology Solutions by 2.9% in the third quarter. Vanguard Group Inc. now owns 4,015,004 shares of the semiconductor company’s stock valued at $82,709,000 after purchasing an additional 111,797 shares during the period. BlackRock Inc. raised its position in MACOM Technology Solutions by 2.9% in the fourth quarter. BlackRock Inc. now owns 3,077,685 shares of the semiconductor company’s stock valued at $44,656,000 after purchasing an additional 87,704 shares during the period. D. E. Shaw & Co. Inc. raised its position in MACOM Technology Solutions by 203.5% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 1,043,898 shares of the semiconductor company’s stock valued at $15,147,000 after purchasing an additional 699,946 shares during the period. Finally, Royce & Associates LP raised its position in MACOM Technology Solutions by 17.8% in the fourth quarter. Royce & Associates LP now owns 1,006,943 shares of the semiconductor company’s stock valued at $14,611,000 after purchasing an additional 152,168 shares during the period. 76.30% of the stock is owned by institutional investors and hedge funds.

In related news, insider John Croteau sold 4,000 shares of the firm’s stock in a transaction on Tuesday, February 12th. The shares were sold at an average price of $17.08, for a total value of $68,320.00. Following the completion of the transaction, the insider now owns 136,777 shares of the company’s stock, valued at $2,336,151.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Vivek Rajgarhia sold 1,782 shares of the firm’s stock in a transaction on Tuesday, April 9th. The shares were sold at an average price of $18.41, for a total transaction of $32,806.62. Following the completion of the transaction, the senior vice president now directly owns 89,435 shares of the company’s stock, valued at approximately $1,646,498.35. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,492 shares of company stock worth $186,622. Company insiders own 32.40% of the company’s stock.

MTSI has been the subject of several recent analyst reports. Zacks Investment Research upgraded MACOM Technology Solutions from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. BidaskClub downgraded MACOM Technology Solutions from a “buy” rating to a “hold” rating in a research note on Tuesday, March 26th. ValuEngine cut MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Thursday, April 11th. Needham & Company LLC cut their price target on MACOM Technology Solutions from $27.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, February 6th. Finally, Evercore ISI dropped their target price on MACOM Technology Solutions from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Monday, January 14th. Five research analysts have rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $19.82.

Shares of MACOM Technology Solutions stock opened at $16.69 on Wednesday. The company has a current ratio of 4.93, a quick ratio of 3.63 and a debt-to-equity ratio of 1.05. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of 119.21, a PEG ratio of 11.07 and a beta of 2.35. MACOM Technology Solutions Holdings Inc has a 1-year low of $13.07 and a 1-year high of $25.92.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings results on Tuesday, February 5th. The semiconductor company reported $0.20 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.20. MACOM Technology Solutions had a negative net margin of 23.86% and a positive return on equity of 1.78%. The business had revenue of $150.69 million for the quarter, compared to analysts’ expectations of $153.14 million. During the same period in the prior year, the firm earned $0.10 earnings per share. MACOM Technology Solutions’s revenue was up 15.1% compared to the same quarter last year. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings Inc will post 0.08 EPS for the current year.

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About MACOM Technology Solutions

MACOM Technology Solutions Holdings, Inc, together with its subsidiaries, designs and manufactures analog radio frequency (RF), microwave, millimeterwave, and lightwave spectrum products in the United States, China, the Asia Pacific, and internationally. The company offers a portfolio of standard and custom devices, including integrated circuits, multi-chip modules, power pallets and transistors, diodes, amplifiers, switches and switch limiters, passive and active components, and subsystems for approximately 60 product lines.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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