MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Voya Investment Management LLC

Voya Investment Management LLC trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 100.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,775 shares of the semiconductor company's stock after selling 25,515,482 shares during the quarter. Voya Investment Management LLC's holdings in MACOM Technology Solutions were worth $880,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MTSI. UMB Bank n.a. lifted its stake in shares of MACOM Technology Solutions by 74.3% during 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 during the period. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. purchased a new position in shares of MACOM Technology Solutions during the 4th quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new position in shares of MACOM Technology Solutions during the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC boosted its holdings 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 worth $36,000 after buying an additional 138 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 45,773 shares of the company's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the transaction, the director now owns 5,509,746 shares of the company's stock, valued at $690,646,661.10. This represents a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total transaction of $647,100.00. Following the transaction, the senior vice president now directly owns 35,603 shares of the company's stock, valued at $3,560,300. The trade was a 15.38 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 743,064 shares of company stock worth $91,879,525 in the last quarter. Company insiders own 16.30% of the company's stock.

Analysts Set New Price Targets

MTSI has been the subject of a number of analyst reports. Benchmark reiterated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday. Barclays increased their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $105.00 to $140.00 in a research report on Monday, February 10th. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Stifel Nicolaus dropped their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Two equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $130.91.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock traded down $1.58 during trading hours on Friday, reaching $118.08. 570,031 shares of the company's stock were exchanged, compared to its average volume of 671,176. The business has a fifty day moving average of $103.46 and a two-hundred day moving average of $120.81. The company has a market capitalization of $8.78 billion, a P/E ratio of -82.00, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. 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 Holdings, Inc. has a 1 year low of $84.00 and a 1 year 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 (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The company had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. During the same quarter in the prior year, the company earned $0.59 EPS. MACOM Technology Solutions's revenue was up 30.2% compared to the same quarter last year. As a group, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

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.