Segall Bryant & Hamill LLC Decreases Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Segall Bryant & Hamill LLC lessened its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 2.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 70,465 shares of the semiconductor company's stock after selling 1,991 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.09% of MACOM Technology Solutions worth $7,073,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in MTSI. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions in the first quarter valued at approximately $25,000. Elequin Capital LP bought a new stake in MACOM Technology Solutions during the fourth quarter worth $26,000. Versant Capital Management Inc lifted its holdings in MACOM Technology Solutions by 9,400.0% during the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after acquiring an additional 282 shares during the period. Allworth Financial LP lifted its holdings in MACOM Technology Solutions by 131.3% during the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 197 shares during the period. Finally, AlphaQuest LLC bought a new stake in MACOM Technology Solutions during the fourth quarter worth $42,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, CEO Stephen G. Daly sold 2,380 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $125.70, for a total transaction of $299,166.00. Following the sale, the chief executive officer directly owned 24,573 shares in the company, valued at $3,088,826.10. This represents a 8.83% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Robert Dennehy sold 5,000 shares of the company's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of $140.42, for a total value of $702,100.00. Following the transaction, the senior vice president directly owned 15,680 shares in the company, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 454,227 shares of company stock valued at $56,118,317. 16.30% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Benchmark reiterated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Truist Financial lifted their price target on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research report on Monday, July 7th. Bank of America lifted their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Wall Street Zen upgraded MACOM Technology Solutions from a "hold" rating to a "buy" rating in a research report on Sunday. Finally, BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research report on Wednesday, April 9th. Two research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $139.90.

MACOM Technology Solutions Stock Down 1.1%

Shares of MACOM Technology Solutions stock traded down $1.53 on Monday, reaching $140.58. The company's stock had a trading volume of 372,004 shares, compared to its average volume of 662,399. The company has a market capitalization of $10.45 billion, a price-to-earnings ratio of 70.00, a P/E/G ratio of 2.74 and a beta of 1.43. The firm's fifty day simple moving average is $131.46 and its two-hundred day simple moving average is $121.07. 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 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31.

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, beating the consensus estimate of $0.84 by $0.01. The company had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. MACOM Technology Solutions's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 earnings per share. Equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current 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.