UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Decreases Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 91.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 143,967 shares of the semiconductor company's stock after selling 1,530,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.19% of MACOM Technology Solutions worth $18,703,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at about $35,000. Smartleaf Asset Management LLC boosted its holdings in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 138 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of MACOM Technology Solutions in the fourth quarter worth approximately $42,000. Finally, Rakuten Securities Inc. purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $47,000. Hedge funds and other institutional investors own 76.14% of the company's stock.

Insiders Place Their Bets

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 stock was sold at an average price of $123.58, for a total value of $37,074,000.00. Following the transaction, the director now directly owns 4,377,764 shares of the company's stock, valued at approximately $541,004,075.12. The trade was a 6.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO John Kober sold 2,250 shares of the company's stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 47,128 shares of the company's stock, valued at $5,921,633.20. The trade was a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 422,808 shares of company stock worth $52,119,417 over the last three months. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Stock Performance

NASDAQ:MTSI traded up $2.13 during mid-day trading on Monday, hitting $123.74. 535,115 shares of the company traded hands, compared to its average volume of 683,515. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock's fifty day moving average price is $108.51 and its 200-day moving average price is $120.78. The firm has a market cap of $9.20 billion, a price-to-earnings ratio of -85.93, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The business's quarterly revenue was up 30.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on MTSI shares. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark reissued a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Stifel Nicolaus reduced their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Finally, Barclays increased their target price on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Two investment 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 stock. Based on data from MarketBeat.com, the stock 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.