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

SG Americas Securities LLC lowered its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 81.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MTSI. Russell Investments Group Ltd. lifted its stake in shares of MACOM Technology Solutions by 1.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after purchasing an additional 100 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in MACOM Technology Solutions by 8.2% during the 4th quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock valued at $174,000 after buying an additional 101 shares during the period. CIBC Asset Management Inc lifted its position in MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after buying an additional 112 shares during the last quarter. Arizona State Retirement System lifted its position in MACOM Technology Solutions by 0.7% in the fourth quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company's stock worth $2,174,000 after buying an additional 122 shares during the last quarter. Finally, Corient Private Wealth LLC boosted its stake in MACOM Technology Solutions by 4.7% during the fourth quarter. Corient Private Wealth LLC now owns 3,033 shares of the semiconductor company's stock worth $394,000 after buying an additional 136 shares during the period. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction that occurred on Monday, May 12th. The shares were sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the completion of the transaction, the director now owns 4,377,764 shares in the company, valued at $541,004,075.12. The trade was a 6.41% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm's stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the sale, the senior vice president now owns 35,603 shares of the company's stock, valued at approximately $3,560,300. This trade represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 454,227 shares of company stock valued at $56,118,317. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Stock Down 0.1%

Shares of MTSI traded down $0.18 during mid-day trading on Friday, hitting $142.05. The company's stock had a trading volume of 1,035,194 shares, compared to its average volume of 668,638. 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's 50-day moving average is $121.91 and its 200-day moving average is $120.69. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The firm has a market capitalization of $10.56 billion, a price-to-earnings ratio of -116.43, a PEG ratio of 2.74 and a beta of 1.40.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its 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 during the quarter, compared to analyst estimates 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 revenue was up 30.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.59 earnings per share. On average, equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. BNP Paribas raised 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 research note on Wednesday, April 9th. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They set a "buy" rating and a $125.00 target price for the company. Barclays upped their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. Stifel Nicolaus decreased their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, Bank of America upped their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a "buy" rating in a research note on Tuesday. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $133.50.

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.