Capital Research Global Investors Reduces Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Capital Research Global Investors lessened its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,282,958 shares of the semiconductor company’s stock after selling 47,042 shares during the period. Capital Research Global Investors’ holdings in MACOM Technology Solutions were worth $166,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. increased its position in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC raised its position in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 138 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Susan Ocampo sold 97,527 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value 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 approximately $581,839,038. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 743,948 shares of company stock valued at $92,210,640 in the last ninety days. Insiders own 16.30% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on MTSI. BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a research report on Wednesday, April 9th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Stifel Nicolaus decreased their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday. Two research analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $130.83.

MACOM Technology Solutions Stock Up 0.1 %

MACOM Technology Solutions stock opened at $97.29 on Monday. The stock has a market cap of $7.23 billion, a PE ratio of -67.56, a P/E/G ratio of 2.42 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The stock’s fifty day moving average is $106.97 and its two-hundred day moving average is $121.56. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50.

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%. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.