Hood River Capital Management LLC Trims Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Hood River Capital Management LLC trimmed its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 63.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 294,449 shares of the semiconductor company's stock after selling 504,894 shares during the quarter. Hood River Capital Management LLC owned about 0.40% of MACOM Technology Solutions worth $38,252,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. increased its stake in MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Empowered Funds LLC bought a new stake in MACOM Technology Solutions in the fourth quarter worth $33,000. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions during the fourth quarter valued at $35,000. ORG Wealth Partners LLC bought a new position in MACOM Technology Solutions during the fourth quarter valued at $36,000. Finally, Smartleaf Asset Management LLC lifted its position in MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Susan Ocampo sold 286,635 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $123.31, for a total transaction of $35,344,961.85. Following the sale, the director now owns 5,123,636 shares of the company's stock, valued at approximately $631,795,555.16. The trade was a 5.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the sale, the director now directly owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 736,593 shares of company stock worth $91,232,425 in the last ninety days. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Stock Down 3.0 %

Shares of NASDAQ:MTSI traded down $3.23 on Monday, reaching $103.06. The company had a trading volume of 210,201 shares, compared to its average volume of 660,564. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $7.66 billion, a PE ratio of -71.48, a PEG ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The firm's 50 day simple moving average is $104.75 and its 200-day simple moving average is $121.17.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently commented on MTSI shares. BNP Paribas raised 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. Benchmark reaffirmed a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. 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 research note on Thursday, April 17th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Truist Financial initiated 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. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $127.92.

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.