Polar Asset Management Partners Inc. Sells 31,955 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Polar Asset Management Partners Inc. decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 17.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 152,845 shares of the semiconductor company's stock after selling 31,955 shares during the period. Polar Asset Management Partners Inc. owned 0.21% of MACOM Technology Solutions worth $19,856,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. UMB Bank n.a. increased its position in MACOM Technology Solutions by 74.3% during the 4th 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 period. SG Americas Securities LLC boosted its holdings in shares of MACOM Technology Solutions by 31.3% during the 4th quarter. SG Americas Securities LLC now owns 23,178 shares of the semiconductor company's stock worth $3,011,000 after purchasing an additional 5,521 shares during the last quarter. Blue Trust Inc. increased its stake in shares of MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock worth $62,000 after acquiring an additional 264 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of MACOM Technology Solutions by 0.5% during the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after acquiring an additional 2,646 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in shares of MACOM Technology Solutions by 0.3% during the 4th quarter. Retirement Systems of Alabama now owns 99,826 shares of the semiconductor company's stock worth $12,968,000 after acquiring an additional 271 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded down $1.90 during trading hours on Friday, reaching $121.61. 237,686 shares of the company's stock were exchanged, compared to its average volume of 798,133. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $9.04 billion, a P/E ratio of -84.44, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The business's 50-day simple moving average is $107.96 and its two-hundred day simple moving average is $120.95.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The business had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same period last year, the firm posted $0.59 earnings per share. The firm's quarterly revenue was up 30.2% compared to the same quarter last year. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MTSI has been the topic of a number of research analyst reports. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Bank of America cut their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Stifel Nicolaus lowered their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Finally, Benchmark restated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, MACOM Technology Solutions has an average rating of "Moderate Buy" and an average price target of $130.50.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of the company's stock in a transaction on Monday, May 12th. The stock was sold at an average price of $123.58, for a total value of $37,074,000.00. Following the sale, the director now directly owns 4,377,764 shares in the company, valued at $541,004,075.12. This represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of MACOM Technology Solutions stock in a transaction dated Thursday, May 8th. The shares were sold at an average price of $118.59, for a total value of $586,308.96. Following the transaction, the senior vice president now owns 30,659 shares in the company, valued at $3,635,850.81. This trade represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 420,558 shares of company stock valued at $51,836,705. 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.