SG Americas Securities LLC Reduces Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

SG Americas Securities LLC cut its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 81.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,185 shares of the semiconductor company's stock after selling 18,993 shares during the period. SG Americas Securities LLC's holdings in MACOM Technology Solutions were worth $420,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MTSI. Elequin Capital LP bought a new position in MACOM Technology Solutions in the fourth quarter valued at about $26,000. Versant Capital Management Inc boosted its holdings in 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 during the last quarter. SBI Securities Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $35,000. Smartleaf Asset Management LLC grew its holdings in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, AlphaQuest LLC bought a new stake in MACOM Technology Solutions in the fourth quarter worth approximately $42,000. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Barclays increased their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Bank of America boosted their target price on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday. Stifel Nicolaus dropped their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, 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 objective for the company. 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. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $133.50.

MACOM Technology Solutions Stock Down 0.5%

MTSI traded down $0.67 during midday trading on Wednesday, reaching $139.17. 667,790 shares of the company were exchanged, compared to its average volume of 694,904. The company has a market cap of $10.35 billion, a price-to-earnings ratio of -114.07, a price-to-earnings-growth ratio of 2.67 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 company's fifty day moving average price is $119.27 and its 200 day moving average price is $120.60. 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 earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The company had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. MACOM Technology Solutions's quarterly revenue was up 30.2% on a year-over-year basis. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling

In related news, 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 completion of the sale, the chief financial officer now owns 47,128 shares of the company's stock, valued at approximately $5,921,633.20. This trade represents a 4.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Stephen G. Daly sold 2,380 shares of the business's stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 449,227 shares of company stock worth $55,416,217. 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.