Teacher Retirement System of Texas Sells 4,064 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Teacher Retirement System of Texas reduced its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 19.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,511 shares of the semiconductor company's stock after selling 4,064 shares during the period. Teacher Retirement System of Texas' holdings in MACOM Technology Solutions were worth $1,657,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Opal Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions during the first quarter valued at approximately $25,000. Elequin Capital LP acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter worth about $26,000. Versant Capital Management Inc lifted its position in shares of MACOM Technology Solutions by 9,400.0% during the 1st quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 282 shares during the last quarter. AlphaQuest LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $42,000. Finally, UMB Bank n.a. lifted its position in shares of MACOM Technology Solutions by 182.7% during the 1st quarter. UMB Bank n.a. now owns 670 shares of the semiconductor company's stock worth $67,000 after purchasing an additional 433 shares during the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Down 0.7%

MACOM Technology Solutions stock traded down $0.99 during mid-day trading on Friday, hitting $136.20. 475,801 shares of the company's stock were exchanged, compared to its average volume of 667,059. The company's 50 day simple moving average is $129.06 and its 200-day simple moving average is $120.97. The firm has a market capitalization of $10.13 billion, a P/E ratio of -111.64, a PEG ratio of 2.65 and a beta of 1.43. The company has a quick ratio of 2.86, a current ratio of 3.56 and a debt-to-equity ratio of 0.31. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $235.89 million during the quarter, compared to analysts' expectations 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 for the quarter was up 30.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.59 EPS. On average, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 300,000 shares of the firm'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 sale, the director directly owned 4,377,764 shares in the company, valued at $541,004,075.12. This trade represents a 6.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Stephen G. Daly sold 14,665 shares of the firm's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $122.71, for a total transaction of $1,799,542.15. Following the sale, the chief executive officer owned 36,327 shares of the company's stock, valued at $4,457,686.17. This trade represents a 28.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 454,227 shares of company stock valued at $56,118,317 in the last three months. Corporate insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MTSI shares. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 9th. Stifel Nicolaus reduced their target price on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Bank of America raised their price objective on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the company a "buy" rating in a research report on Tuesday, June 24th. Truist Financial upped their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a "buy" rating in a report on Monday, July 7th. Finally, Wall Street Zen downgraded MACOM Technology Solutions from a "buy" rating to a "hold" rating in a research note on Saturday. Three equities research analysts have rated the stock with a hold rating, eight have issued 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 a consensus price target of $136.40.

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.