Emerald Mutual Fund Advisers Trust Reduces Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Emerald Mutual Fund Advisers Trust reduced its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 12.0% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 109,225 shares of the semiconductor company's stock after selling 14,923 shares during the period. Emerald Mutual Fund Advisers Trust owned about 0.15% of MACOM Technology Solutions worth $10,964,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. grew its stake in MACOM Technology Solutions by 1.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock worth $930,000 after acquiring an additional 100 shares during the period. Quadrant Capital Group LLC boosted its holdings in shares of MACOM Technology Solutions by 8.2% in the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock valued at $174,000 after purchasing an additional 101 shares during the last quarter. Corient Private Wealth LLC boosted its holdings in shares of MACOM Technology Solutions by 4.7% in the 4th quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company's stock valued at $394,000 after purchasing an additional 136 shares during the last quarter. M&T Bank Corp boosted its holdings in shares of MACOM Technology Solutions by 8.0% in the 4th quarter. M&T Bank Corp now owns 2,143 shares of the semiconductor company's stock valued at $278,000 after purchasing an additional 158 shares during the last quarter. Finally, Treasurer of the State of North Carolina boosted its holdings in shares of MACOM Technology Solutions by 0.7% in the 4th quarter. Treasurer of the State of North Carolina now owns 24,530 shares of the semiconductor company's stock valued at $3,187,000 after purchasing an additional 160 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on MTSI shares. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday, May 9th. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus dropped their target price on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays boosted 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 report on Friday, May 9th. Finally, Truist Financial boosted their target price on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $136.40.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 2,380 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $125.70, for a total value of $299,166.00. Following the completion of the sale, the chief executive officer directly owned 24,573 shares of the company's stock, valued at $3,088,826.10. This represents a 8.83% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Susan Ocampo sold 104,449 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $123.98, for a total transaction of $12,949,587.02. Following the completion of the sale, the director directly owned 4,118,621 shares of the company's stock, valued at approximately $510,626,631.58. This trade represents a 2.47% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 454,227 shares of company stock worth $56,118,317. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Performance

Shares of MTSI opened at $136.20 on Friday. The company's fifty day moving average is $129.06 and its 200-day moving average is $120.97. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The firm has a market cap of $10.13 billion, a price-to-earnings ratio of -111.64, a price-to-earnings-growth ratio of 2.65 and a beta of 1.43. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. MACOM Technology Solutions's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.59 EPS. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

About MACOM Technology Solutions

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.

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