Man Group plc Has $2.08 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Man Group plc lowered its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 98.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,987 shares of the semiconductor company's stock after selling 951,024 shares during the period. Man Group plc's holdings in MACOM Technology Solutions were worth $2,077,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its holdings in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in MACOM Technology Solutions in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $35,000. Smartleaf Asset Management LLC grew its holdings in MACOM Technology Solutions by 97.2% in the fourth 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 during the period. Finally, AlphaQuest LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth approximately $42,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MTSI has been the subject of several research reports. Stifel Nicolaus lowered their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Bank of America decreased their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a report on Wednesday, April 9th. Finally, Barclays lifted their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $130.50.

MACOM Technology Solutions Stock Down 0.4%

MTSI stock traded down $0.53 during mid-day trading on Wednesday, hitting $123.15. 62,063 shares of the company were exchanged, compared to its average volume of 680,849. The firm has a fifty day simple moving average of $107.43 and a 200 day simple moving average of $121.01. The company has a market capitalization of $9.15 billion, a PE ratio of -85.52, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. 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 current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

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 for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. During the same period in the previous year, the company earned $0.59 earnings per share. MACOM Technology Solutions's quarterly revenue was up 30.2% on a year-over-year basis. On average, research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction dated Monday, May 12th. The shares were sold at an average price of $123.58, for a total value of $37,074,000.00. Following the completion of the transaction, the director now directly owns 4,377,764 shares of the company's stock, valued at approximately $541,004,075.12. The trade was a 6.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the business's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the sale, the senior vice president now directly owns 35,603 shares of the company's stock, valued at approximately $3,560,300. This represents a 15.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 420,560 shares of company stock worth $51,836,937 over the last ninety days. 16.30% of the stock is owned by 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.