Castleark Management LLC Sells 2,140 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Castleark Management LLC trimmed its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,390 shares of the semiconductor company's stock after selling 2,140 shares during the period. Castleark Management LLC owned 0.07% of MACOM Technology Solutions worth $6,546,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Elequin Capital LP purchased a new position in shares of MACOM Technology Solutions in the 4th quarter valued at about $26,000. UMB Bank n.a. boosted its stake in MACOM Technology Solutions by 74.3% during 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 period. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $35,000. Finally, Smartleaf Asset Management LLC raised its position in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

Shares of MTSI traded up $0.09 during midday trading on Monday, reaching $121.63. The stock had a trading volume of 429,025 shares, compared to its average volume of 684,278. The firm's 50 day moving average price is $106.90 and its 200-day moving average price is $121.10. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The company has a market capitalization of $9.04 billion, a P/E ratio of -84.47, a P/E/G ratio of 2.42 and a beta of 1.36. 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 announced 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 company had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The business's revenue was up 30.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS. On average, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

MTSI has been the topic of a number of research reports. Truist Financial began coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 price target on the stock. Stifel Nicolaus decreased their price target on 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. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. 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. Finally, Bank of America reduced their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.50.

Insiders Place Their Bets

In related news, 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 value of $586,308.96. Following the completion of the sale, the senior vice president now directly owns 30,659 shares in the company, valued at approximately $3,635,850.81. The trade was a 13.89% 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 4,694 shares of the company's stock in a transaction on Friday, May 16th. The stock was sold at an average price of $123.50, for a total transaction of $579,709.00. Following the sale, the director now directly owns 4,223,070 shares of the company's stock, valued at approximately $521,549,145. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 420,560 shares of company stock worth $51,836,937. 16.30% of the stock is currently owned by company insiders.

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.