Segment Wealth Management LLC Has $1.35 Million Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Segment Wealth Management LLC lowered its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 52.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,419 shares of the semiconductor company's stock after selling 15,000 shares during the period. Segment Wealth Management LLC's holdings in MACOM Technology Solutions were worth $1,347,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP bought a new stake in MACOM Technology Solutions in the 4th quarter valued at about $26,000. Opal Wealth Advisors LLC bought a new stake in MACOM Technology Solutions in the 1st quarter valued at about $25,000. Empowered Funds LLC bought a new stake in MACOM Technology Solutions in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions in the 4th quarter valued at about $35,000. Finally, Smartleaf Asset Management LLC boosted its holdings in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares during the period. Institutional investors own 76.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on MTSI. Barclays boosted their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Truist Financial began coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 price target for the company. Benchmark reaffirmed a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday, May 9th. Stifel Nicolaus dropped their price target on 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. Finally, BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of "Moderate Buy" and a consensus target price of $130.50.

MACOM Technology Solutions Price Performance

NASDAQ MTSI traded up $1.66 during trading on Monday, hitting $138.65. 734,447 shares of the company's stock were exchanged, compared to its average volume of 695,129. 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 company has a market cap of $10.31 billion, a PE ratio of -113.65, a P/E/G ratio of 2.64 and a beta of 1.40. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The stock's 50 day moving average price is $118.47 and its two-hundred day moving average price is $120.47.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $235.89 million during 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%. The business's quarterly revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.59 earnings per share. Research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In related news, CEO Stephen G. Daly sold 14,665 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $122.71, for a total value of $1,799,542.15. Following the completion of the transaction, the chief executive officer now owns 36,327 shares in the company, valued at $4,457,686.17. This trade represents a 28.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Kober sold 2,250 shares of the stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total transaction of $282,712.50. Following the sale, the chief financial officer now directly owns 47,128 shares of the company's stock, valued at $5,921,633.20. This represents a 4.56% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 449,227 shares of company stock worth $55,416,217 in the last quarter. 16.30% of the stock is owned by insiders.

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.