Segall Bryant & Hamill LLC Has $7.07 Million Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Segall Bryant & Hamill LLC lowered its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 2.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 70,465 shares of the semiconductor company's stock after selling 1,991 shares during the quarter. Segall Bryant & Hamill LLC owned 0.09% of MACOM Technology Solutions worth $7,073,000 at the end of the most recent quarter.

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

Wall Street Analysts Forecast Growth

MTSI has been the topic of a number of analyst reports. Wall Street Zen cut MACOM Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday, July 12th. Truist Financial lifted their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a research note on Monday, July 7th. Benchmark reiterated a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Barclays boosted their price objective 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. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Three research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, MACOM Technology Solutions has an average rating of "Moderate Buy" and a consensus price target of $136.40.

Insiders Place Their Bets

In other news, CEO Stephen G. Daly sold 2,380 shares of the firm's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $125.70, for a total value of $299,166.00. Following the completion of the transaction, the chief executive officer owned 24,573 shares in the company, valued at $3,088,826.10. This trade represents a 8.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of MACOM Technology Solutions stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $118.59, for a total value of $586,308.96. Following the transaction, the senior vice president owned 30,659 shares of the company's stock, valued at $3,635,850.81. The trade was a 13.89% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 454,227 shares of company stock worth $56,118,317. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $141.76 on Friday. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a current ratio of 3.56, a quick ratio of 2.86 and a debt-to-equity ratio of 0.31. The firm's 50-day moving average price is $130.98 and its two-hundred day moving average price is $121.10. The stock has a market capitalization of $10.54 billion, a price-to-earnings ratio of -116.20, a P/E/G ratio of 2.66 and a beta of 1.43.

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 for the quarter, topping analysts' consensus estimates of $0.84 by $0.01. The company had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The business's quarterly revenue was up 30.2% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.

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