Nuveen Asset Management LLC Has $42.62 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Nuveen Asset Management LLC boosted its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 129.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 328,081 shares of the semiconductor company's stock after acquiring an additional 185,075 shares during the period. Nuveen Asset Management LLC owned 0.44% of MACOM Technology Solutions worth $42,621,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. UMB Bank n.a. raised its position in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions in the fourth quarter worth about $35,000. Smartleaf Asset Management LLC grew its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, AlphaQuest LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $42,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Buying and Selling

In related news, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the sale, the senior vice president now directly owns 35,603 shares in the company, valued at $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the 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 sale, 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 disclosure for this sale can be found here. Insiders sold a total of 408,944 shares of company stock worth $50,408,791 in the last three months. 16.30% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. 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 research note on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Stifel Nicolaus cut their price target 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. Barclays raised their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Finally, Truist Financial assumed coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 target price for the company. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus target price of $130.50.

MACOM Technology Solutions Stock Down 0.8%

MTSI stock opened at $122.53 on Tuesday. The company has a market cap of $9.11 billion, a PE ratio of -85.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The business has a 50-day simple moving average of $105.76 and a 200 day simple moving average of $121.13. 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 quick ratio of 2.88, a current ratio of 3.61 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 EPS for the quarter, beating the consensus estimate of $0.84 by $0.01. The business 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 13.05% and a positive return on equity of 12.42%. The company's revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.59 earnings per share. Sell-side analysts anticipate 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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