MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by XTX Topco Ltd

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 lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 18.7% in the first quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MTSI. Opal Wealth Advisors LLC purchased a new position in MACOM Technology Solutions during the 1st quarter valued at about $25,000. Elequin Capital LP bought a new position in MACOM Technology Solutions in the 4th quarter valued at $26,000. Versant Capital Management Inc grew its position in shares of MACOM Technology Solutions by 9,400.0% during the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock valued at $29,000 after purchasing an additional 282 shares in the last quarter. Allworth Financial LP raised its position in shares of MACOM Technology Solutions by 131.3% in the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after buying an additional 197 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in MACOM Technology Solutions by 182.7% during the first quarter. UMB Bank n.a. now owns 670 shares of the semiconductor company's stock valued at $67,000 after buying an additional 433 shares during the period. Institutional investors own 76.14% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on MTSI. Bank of America raised their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a report on Tuesday, June 24th. Truist Financial boosted their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a research note on Monday, July 7th. Barclays lifted their price objective 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. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. Finally, BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $146.13.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI traded down $11.53 during midday trading on Thursday, reaching $127.50. 1,880,055 shares of the stock traded hands, compared to its average volume of 749,335. The company's 50 day moving average is $135.56 and its 200 day moving average is $121.38. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86. The stock has a market capitalization of $9.48 billion, a PE ratio of -104.32, a P/E/G ratio of 2.65 and a beta of 1.38.

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

Insider Buying and Selling

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the firm's stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $125.65, for a total value of $282,712.50. Following the completion of the sale, the chief financial officer owned 47,128 shares of the company's stock, valued at approximately $5,921,633.20. This trade represents a 4.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the completion of the transaction, the director owned 4,377,764 shares of the company's stock, valued at approximately $541,004,075.12. This represents a 6.41% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 447,812 shares of company stock valued at $55,571,908 over the last ninety days. Company insiders own 16.30% of the company's stock.

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.