MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC reduced its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 31.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 447,803 shares of the semiconductor company's stock after selling 209,461 shares during the quarter. Janus Henderson Group PLC owned approximately 0.60% of MACOM Technology Solutions worth $58,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. UMB Bank n.a. lifted its stake in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after buying an additional 101 shares in the last quarter. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions during the 4th quarter valued at approximately $35,000. Smartleaf Asset Management LLC lifted its holdings in shares of MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after buying an additional 138 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $42,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 6,471 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the transaction, the senior vice president now owns 35,603 shares in the company, valued at approximately $3,560,300. The trade was a 15.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 97,527 shares of the business's stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total value of $12,101,150.16. Following the transaction, the director now directly owns 4,689,225 shares of the company's stock, valued at $581,839,038. The trade was a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 708,944 shares of company stock worth $87,647,791 in the last 90 days. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Price Performance

NASDAQ MTSI traded down $1.57 on Monday, hitting $121.89. The company had a trading volume of 239,313 shares, compared to its average volume of 681,903. The company has a market capitalization of $9.06 billion, a PE ratio of -84.78, a PEG ratio of 2.42 and a beta of 1.36. The company's fifty day moving average price is $105.45 and its 200-day moving average price is $121.06. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The business had revenue of $235.89 million during the quarter, compared to analyst estimates of $230.04 million. During the same period in the prior year, the business earned $0.59 earnings per share. The business's revenue was up 30.2% compared to the same quarter last year. As a group, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on MTSI shares. Stifel Nicolaus dropped 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 Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. BNP Paribas upgraded 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. Bank of America dropped their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research report on Wednesday, April 16th. Finally, Barclays lifted 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, May 9th. Two equities research 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $130.50.

MACOM Technology Solutions 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.