Bridge City Capital LLC Has $5.06 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Bridge City Capital LLC lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 16.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,388 shares of the semiconductor company's stock after selling 9,718 shares during the quarter. MACOM Technology Solutions makes up about 1.5% of Bridge City Capital LLC's investment portfolio, making the stock its 18th largest holding. Bridge City Capital LLC owned approximately 0.07% of MACOM Technology Solutions worth $5,058,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Elequin Capital LP bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $26,000. Versant Capital Management Inc increased its holdings in MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after buying an additional 282 shares during the last quarter. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions during the 4th quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC lifted its holdings in MACOM Technology Solutions by 97.2% during the 4th 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 own 76.14% of the company's stock.

Insider Transactions at MACOM Technology Solutions

In related news, CEO Stephen G. Daly sold 2,380 shares of the business's stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 24,573 shares in the company, valued at $3,088,826.10. The trade was a 8.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Susan Ocampo sold 300,000 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the sale, the director now owns 4,377,764 shares of the company's stock, valued at $541,004,075.12. The trade was a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 449,227 shares of company stock valued at $55,416,217. Corporate insiders own 16.30% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on MTSI. Benchmark restated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note 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 research note on Wednesday, April 16th. Truist Financial started coverage on MACOM Technology Solutions in a report on Friday, April 11th. They set a "buy" rating and a $125.00 target price for the company. Barclays increased their price target on 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, Stifel Nicolaus reduced their price objective on 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. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $130.50.

MACOM Technology Solutions Stock Performance

Shares of MTSI traded up $0.99 during trading hours on Thursday, reaching $132.29. 362,620 shares of the company's stock traded hands, compared to its average volume of 686,553. The business's fifty day simple moving average is $112.61 and its two-hundred day simple moving average is $120.85. The firm has a market capitalization of $9.83 billion, a price-to-earnings ratio of -91.87, a P/E/G ratio of 2.42 and a beta of 1.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. 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 posted its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The business had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. During the same period last year, the firm posted $0.59 earnings per share. The business's revenue was up 30.2% on a year-over-year basis. Analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current 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.