Stephens Investment Management Group LLC Lowers Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Stephens Investment Management Group LLC decreased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 501,298 shares of the semiconductor company’s stock after selling 4,323 shares during the quarter. Stephens Investment Management Group LLC owned 0.67% of MACOM Technology Solutions worth $65,124,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MTSI. Citigroup Inc. grew its position in shares of MACOM Technology Solutions by 46.2% in the third quarter. Citigroup Inc. now owns 68,958 shares of the semiconductor company’s stock valued at $7,672,000 after purchasing an additional 21,786 shares during the period. Westfield Capital Management Co. LP boosted its position in MACOM Technology Solutions by 21.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after acquiring an additional 210,151 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in MACOM Technology Solutions by 18.4% during the 3rd 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 in the last quarter. Algert Global LLC lifted its stake in MACOM Technology Solutions by 103.6% in the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock worth $1,315,000 after purchasing an additional 6,015 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in MACOM Technology Solutions in the 3rd quarter valued at $11,005,000. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Down 1.8 %

MTSI stock opened at $127.21 on Friday. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $80.40 and a fifty-two week high of $152.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61. The company’s 50 day moving average price is $135.97 and its 200 day moving average price is $119.91.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share 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, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MTSI. Northland Securities increased their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a “market perform” rating in a research note on Monday, November 11th. Barclays boosted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Benchmark lifted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Piper Sandler boosted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Insiders Place Their Bets

In other MACOM Technology Solutions news, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John Kober sold 19,470 shares of the firm’s stock in a transaction that occurred on Wednesday, November 20th. The shares were sold at an average price of $126.88, for a total value of $2,470,353.60. Following the completion of the sale, the chief financial officer now directly owns 51,489 shares of the company’s stock, valued at $6,532,924.32. This represents a 27.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 218,532 shares of company stock valued at $27,902,795. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions 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.