G2 Investment Partners Management LLC Lowers Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

G2 Investment Partners Management LLC decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 6.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 77,411 shares of the semiconductor company's stock after selling 5,037 shares during the period. MACOM Technology Solutions makes up approximately 2.6% of G2 Investment Partners Management LLC's holdings, making the stock its 11th largest position. G2 Investment Partners Management LLC owned approximately 0.10% of MACOM Technology Solutions worth $10,056,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions during the 4th quarter valued at approximately $35,000. Charles Schwab Investment Management Inc. raised its stake in shares of MACOM Technology Solutions by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after purchasing an additional 1,719 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of MACOM Technology Solutions by 22.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock worth $12,756,000 after purchasing an additional 18,055 shares during the period. Smartleaf Asset Management LLC grew its position in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after buying an additional 138 shares during the last quarter. Finally, Covea Finance increased its stake in MACOM Technology Solutions by 8.0% in the 4th quarter. Covea Finance now owns 27,000 shares of the semiconductor company's stock valued at $3,508,000 after buying an additional 2,000 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

NASDAQ MTSI traded down $1.58 during mid-day trading on Friday, hitting $118.08. The stock had a trading volume of 570,031 shares, compared to its average volume of 671,431. The company has a 50 day simple moving average of $103.46 and a 200 day simple moving average of $120.88. The company has a market cap of $8.78 billion, a price-to-earnings ratio of -82.00, a P/E/G ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 EPS 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 negative net margin of 13.05% and a positive return on equity of 12.42%. The firm's revenue was up 30.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. Equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

MTSI has been the topic of several recent research reports. Truist Financial started coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective on the stock. Barclays increased 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. Bank of America lowered their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, BNP Paribas raised 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. Two investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $130.91.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now owns 14,031 shares of the company's stock, valued at $1,706,309.91. This represents a 32.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Susan Ocampo sold 300,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total value of $37,239,000.00. Following the sale, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. This trade represents a 5.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,064 shares of company stock valued at $91,879,525 in the last ninety days. Corporate insiders own 16.30% of the company's stock.

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.