Cresset Asset Management LLC Sells 3,603 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Cresset Asset Management LLC trimmed its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 53.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,196 shares of the semiconductor company's stock after selling 3,603 shares during the quarter. Cresset Asset Management LLC's holdings in MACOM Technology Solutions were worth $415,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings 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 purchasing an additional 101 shares during the period. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions during the 4th quarter worth $35,000. Smartleaf Asset Management LLC lifted its holdings in MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares in the last quarter. Finally, AlphaQuest LLC acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $42,000. Institutional investors own 76.14% of the company's stock.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm's stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $118.59, for a total transaction of $586,308.96. Following the completion of the sale, the senior vice president now owns 30,659 shares of the company's stock, valued at $3,635,850.81. This trade represents a 13.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the completion of the transaction, the director now owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. This represents a 5.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 708,944 shares of company stock valued at $87,647,791. 16.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MTSI has been the topic of several recent analyst reports. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th. Stifel Nicolaus cut their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Bank of America dropped their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Finally, Barclays upped their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $130.50.

MACOM Technology Solutions Stock Down 0.8%

NASDAQ MTSI traded down $0.93 during trading hours on Monday, hitting $122.53. 862,058 shares of the company traded hands, compared to its average volume of 684,270. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The business's 50-day moving average is $105.45 and its 200-day moving average is $121.06. The stock has a market capitalization of $9.11 billion, a price-to-earnings ratio of -85.09, a P/E/G ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The company had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same quarter in the prior year, the firm posted $0.59 EPS. The firm's revenue for the quarter was up 30.2% compared to the same quarter last year. Sell-side analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current 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.