MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC decreased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 180,293 shares of the semiconductor company’s stock after selling 6,185 shares during the quarter. Emerald Advisers LLC’s holdings in MACOM Technology Solutions were worth $23,422,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. grew its position in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in MACOM Technology Solutions in the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions in the fourth quarter worth approximately $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions in the fourth quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC grew its position in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $131.50.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction on Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the sale, the director now owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the completion of the sale, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. The trade was a 4.37 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock valued at $92,503,343 in the last quarter. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Trading Down 1.6 %

Shares of NASDAQ:MTSI opened at $106.89 on Friday. The firm has a fifty day moving average of $122.61 and a two-hundred day moving average of $122.26. The firm has a market capitalization of $7.95 billion, a P/E ratio of -74.23, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $90.01 and a 12-month high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.