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

Stephens Investment Management Group LLC trimmed its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). 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’s holdings in MACOM Technology Solutions were worth $65,124,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MTSI. Citigroup Inc. raised its holdings in 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 buying an additional 21,786 shares during the period. Westfield Capital Management Co. LP increased its position in shares of MACOM Technology Solutions by 21.0% in 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 in the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of MACOM Technology Solutions by 18.4% in 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 during the period. Algert Global LLC lifted its holdings in shares of MACOM Technology Solutions by 103.6% during the 3rd quarter. Algert Global LLC now owns 11,820 shares of the semiconductor company’s stock valued at $1,315,000 after acquiring an additional 6,015 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in MACOM Technology Solutions during the 3rd quarter worth $11,005,000. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Down 1.8 %

Shares of NASDAQ:MTSI opened at $127.21 on Friday. The company has a fifty day simple moving average of $135.97 and a 200 day simple moving average of $119.91. The company has a debt-to-equity ratio of 0.33, a quick ratio of 6.55 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $80.40 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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%. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of recent research reports. Northland Securities boosted their price objective on MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research note on Monday, November 11th. Piper Sandler upped their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a report on Friday, October 25th. Barclays lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Finally, Benchmark upped their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $128.00.

Insiders Place Their Bets

In other news, Director Susan Ocampo sold 12,438 shares of MACOM Technology Solutions stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $136.73, for a total value of $1,700,647.74. Following the completion of the transaction, the director now directly owns 6,500,755 shares of the company’s stock, valued at approximately $888,848,231.15. The trade was a 0.19 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $139.07, for a total transaction of $189,969.62. Following the sale, the senior vice president now directly owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 218,532 shares of company stock valued at $27,902,795 in the last quarter. Insiders own 16.30% of the company’s stock.

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.