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

Castleark Management LLC lessened its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 50,390 shares of the semiconductor company's stock after selling 2,140 shares during the quarter. Castleark Management LLC owned about 0.07% of MACOM Technology Solutions worth $6,546,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC boosted its holdings in MACOM Technology Solutions by 17.4% during the fourth quarter. Park Avenue Securities LLC now owns 3,675 shares of the semiconductor company's stock worth $477,000 after buying an additional 546 shares in the last quarter. UMB Bank n.a. raised its position in shares of MACOM Technology Solutions by 74.3% in the 4th 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 period. Perpetual Ltd purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter worth about $361,000. SG Americas Securities LLC increased its position in shares of MACOM Technology Solutions by 31.3% in the fourth quarter. SG Americas Securities LLC now owns 23,178 shares of the semiconductor company's stock worth $3,011,000 after acquiring an additional 5,521 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in shares of MACOM Technology Solutions by 122.2% during the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 264 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the transaction, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. The trade was a 2.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the business's stock in a transaction that occurred 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 in the company, valued at $3,635,850.81. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 413,638 shares of company stock valued at $50,988,500 over the last three months. Company insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

MTSI has been the topic of a number of recent analyst reports. Stifel Nicolaus cut their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Barclays raised their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Northland Securities raised shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Bank of America cut 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 report on Wednesday, April 16th. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $130.50.

MACOM Technology Solutions Price Performance

NASDAQ MTSI opened at $123.51 on Wednesday. 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 capitalization of $9.18 billion, a PE ratio of -85.77, a P/E/G ratio of 2.42 and a beta of 1.36. The company's 50 day simple moving average is $106.15 and its 200 day simple moving average is $121.15. 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 (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the firm earned $0.59 EPS. As a group, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal 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.

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