XTX Topco Ltd Sells 2,015 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Key Points

• XTX Topco Ltd reduced its stake in MACOM Technology Solutions by 18.7% in Q1, owning 8,776 shares valued at $881,000 after selling 2,015 shares.
• Several institutional investors made notable changes to their holdings, with Versant Capital Management increasing its stake by 9,400% to 285 shares valued at $29,000.
• MACOM posted Q1 earnings of $0.85 per share, surpassing analysts' expectations and reflecting a 30.2% revenue increase compared to last year, totaling $235.89 million.

XTX Topco Ltd trimmed its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 18.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,776 shares of the semiconductor company's stock after selling 2,015 shares during the period. XTX Topco Ltd's holdings in MACOM Technology Solutions were worth $881,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of MTSI. Price T Rowe Associates Inc. MD raised its stake in MACOM Technology Solutions by 38.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock valued at $519,399,000 after purchasing an additional 1,120,510 shares during the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in MACOM Technology Solutions in the 4th quarter worth about $31,260,000. Nuveen Asset Management LLC lifted its holdings in shares of MACOM Technology Solutions by 129.4% during the 4th quarter. Nuveen Asset Management LLC now owns 328,081 shares of the semiconductor company's stock worth $42,621,000 after acquiring an additional 185,075 shares during the period. GAMMA Investing LLC boosted its position in shares of MACOM Technology Solutions by 12,383.2% in the first quarter. GAMMA Investing LLC now owns 146,053 shares of the semiconductor company's stock worth $14,661,000 after acquiring an additional 144,883 shares during the last quarter. Finally, Balyasny Asset Management L.P. acquired a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $18,362,000. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

MTSI traded up $1.75 during midday trading on Wednesday, hitting $139.03. The company had a trading volume of 1,037,823 shares, compared to its average volume of 742,381. The firm's 50-day simple moving average is $135.23 and its 200-day simple moving average is $121.26. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The company has a market capitalization of $10.34 billion, a PE ratio of -113.96, a P/E/G ratio of 2.70 and a beta of 1.38. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued 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 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%. The firm's revenue was up 30.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.59 earnings per share. Equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently issued reports on MTSI. Barclays increased their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Truist Financial raised their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a report on Monday, July 7th. Bank of America lifted their price target on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday, June 24th. Stifel Nicolaus boosted their target price on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. One research analyst has 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.com, the company presently has a consensus rating of "Buy" and an average price target of $146.13.

Insider Buying and Selling

In other news, CEO Stephen G. Daly sold 14,665 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $122.71, for a total transaction of $1,799,542.15. Following the sale, the chief executive officer owned 36,327 shares in the company, valued at $4,457,686.17. This represents a 28.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 5,000 shares of the firm's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total transaction of $687,000.00. Following the completion of the transaction, the senior vice president directly owned 30,779 shares of the company's stock, valued at $4,229,034.60. This represents a 13.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 452,756 shares of company stock worth $56,158,217 over the last three months. Company insiders own 16.30% of the company's stock.

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.