Stephens Investment Management Group LLC Sells 2,997 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Stephens Investment Management Group LLC trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 0.6% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498,301 shares of the semiconductor company's stock after selling 2,997 shares during the quarter. Stephens Investment Management Group LLC owned about 0.67% of MACOM Technology Solutions worth $50,019,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Elequin Capital LP acquired a new position in MACOM Technology Solutions during the fourth quarter worth $26,000. Opal Wealth Advisors LLC acquired a new position in MACOM Technology Solutions during the first quarter worth $25,000. Versant Capital Management Inc increased its position in MACOM Technology Solutions by 9,400.0% during the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after buying an additional 282 shares during the last quarter. AlphaQuest LLC acquired a new position in MACOM Technology Solutions during the fourth quarter worth $42,000. Finally, Allworth Financial LP increased its position in MACOM Technology Solutions by 131.3% during the first quarter. Allworth Financial LP now owns 347 shares of the semiconductor company's stock worth $37,000 after buying an additional 197 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday, May 9th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a report on Wednesday, April 9th. Wall Street Zen cut shares of MACOM Technology Solutions from a "buy" rating to a "hold" rating in a report on Saturday. Truist Financial upped their price target on shares of MACOM Technology Solutions from $136.00 to $154.00 and gave the company a "buy" rating in a report on Monday, July 7th. Finally, Stifel Nicolaus decreased their price target 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. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $136.40.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ MTSI traded down $0.99 during mid-day trading on Friday, hitting $136.20. The company had a trading volume of 475,801 shares, compared to its average volume of 666,348. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.56 and a quick ratio of 2.86. The business's 50-day simple moving average is $129.06 and its 200-day simple moving average is $120.87. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The firm has a market cap of $10.13 billion, a P/E ratio of -111.64, a PEG ratio of 2.63 and a beta of 1.43.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 10.24% and a positive return on equity of 13.32%. The business had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. During the same quarter last year, the company earned $0.59 earnings per share. The firm's revenue was up 30.2% on a year-over-year basis. As a group, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, Director Susan Ocampo sold 104,449 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $123.98, for a total transaction of $12,949,587.02. Following the completion of the transaction, the director owned 4,118,621 shares in the company, valued at $510,626,631.58. This trade represents a 2.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $118.59, for a total transaction of $586,308.96. Following the transaction, the senior vice president owned 30,659 shares of the company's stock, valued at approximately $3,635,850.81. This represents a 13.89% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 454,227 shares of company stock valued at $56,118,317 in the last quarter. 16.30% of the stock is currently owned by insiders.

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.