Premier Fund Managers Ltd Sells 4,397 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Premier Fund Managers Ltd decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 92.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 345 shares of the semiconductor company's stock after selling 4,397 shares during the period. Premier Fund Managers Ltd's holdings in MACOM Technology Solutions were worth $34,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in shares of MACOM Technology Solutions by 3.2% during the first quarter. Principal Financial Group Inc. now owns 136,978 shares of the semiconductor company's stock valued at $13,750,000 after purchasing an additional 4,249 shares in the last quarter. OneDigital Investment Advisors LLC boosted its holdings in shares of MACOM Technology Solutions by 27.0% during the 1st quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company's stock valued at $242,000 after acquiring an additional 511 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of MACOM Technology Solutions by 24.4% during the 1st quarter. GAMMA Investing LLC now owns 1,455 shares of the semiconductor company's stock valued at $146,000 after buying an additional 285 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 18.1% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,280 shares of the semiconductor company's stock valued at $329,000 after buying an additional 502 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in shares of MACOM Technology Solutions by 23.6% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 13,896 shares of the semiconductor company's stock worth $1,395,000 after buying an additional 2,655 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 5,000 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were sold at an average price of $137.40, for a total value of $687,000.00. Following the sale, the senior vice president owned 30,779 shares in the company, valued at approximately $4,229,034.60. The trade was a 13.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 5,000 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total transaction of $702,100.00. Following the sale, the senior vice president directly owned 15,680 shares in the company, valued at approximately $2,201,785.60. The trade was a 24.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 452,756 shares of company stock worth $56,158,217 over the last three months. 16.30% of the stock is owned by company insiders.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock traded down $0.83 on Friday, hitting $136.31. 574,913 shares of the company traded hands, compared to its average volume of 472,724. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The business has a 50-day simple moving average of $134.59 and a 200 day simple moving average of $121.47. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. The stock has a market capitalization of $10.13 billion, a P/E ratio of -111.73, a price-to-earnings-growth ratio of 2.64 and a beta of 1.38.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating 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 company had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same period in the previous year, the firm posted $0.59 EPS. MACOM Technology Solutions's revenue for the quarter was up 30.2% compared to the same quarter last year. Research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently commented on MTSI. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday, July 20th. 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. Bank of America raised their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a report on Tuesday, June 24th. Barclays upped their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $139.90.

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.