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

Segment Wealth Management LLC lowered its position in shares of 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 institutional investor owned 13,419 shares of the semiconductor company's stock after selling 15,000 shares during the quarter. Segment Wealth Management LLC's holdings in MACOM Technology Solutions were worth $1,347,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Elequin Capital LP bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $26,000. Opal Wealth Advisors LLC bought a new position in shares of MACOM Technology Solutions in the first quarter valued at about $25,000. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions in the fourth quarter worth about $35,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 138 shares in the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Trading Up 2.0%

MTSI traded up $2.67 during midday trading on Friday, reaching $136.99. 1,447,399 shares of the company were exchanged, compared to its average volume of 694,643. The stock has a market capitalization of $10.18 billion, a P/E ratio of -112.29, a PEG ratio of 2.59 and a beta of 1.40. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50. The stock's 50-day simple moving average is $116.89 and its 200 day simple moving average is $120.77. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56.

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, beating analysts' consensus estimates of $0.84 by $0.01. The business had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. MACOM Technology Solutions's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the company posted $0.59 EPS. As a group, analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Stephen G. Daly sold 2,380 shares of the company's stock in a transaction on Friday, June 6th. The shares were sold at an average price of $125.70, for a total value of $299,166.00. Following the completion of the sale, the chief executive officer now owns 24,573 shares in the company, valued at $3,088,826.10. This represents a 8.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction dated Thursday, May 29th. The stock was sold at an average price of $125.65, for a total value of $282,712.50. Following the transaction, the chief financial officer now owns 47,128 shares in the company, valued at approximately $5,921,633.20. This represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 449,227 shares of company stock worth $55,416,217. Company insiders own 16.30% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on MTSI shares. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target for the company. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research note on Wednesday, April 9th. Bank of America dropped their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. Barclays raised their price target on 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 dropped their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Two investment 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $130.50.

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.