Voya Investment Management LLC Sells 25,515,482 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Voya Investment Management LLC lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 100.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,775 shares of the semiconductor company's stock after selling 25,515,482 shares during the period. Voya Investment Management LLC's holdings in MACOM Technology Solutions were worth $880,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System boosted its holdings in MACOM Technology Solutions by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after acquiring an additional 100 shares during the period. Russell Investments Group Ltd. grew its holdings in MACOM Technology Solutions by 1.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock valued at $930,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. increased its position 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 buying an additional 101 shares during the period. Quadrant Capital Group LLC lifted its holdings in shares of MACOM Technology Solutions by 8.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after buying an additional 101 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its holdings in shares of MACOM Technology Solutions by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after buying an additional 112 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Price Performance

MTSI stock traded up $2.84 during trading on Monday, hitting $120.92. 211,583 shares of the stock traded hands, compared to its average volume of 670,043. The stock has a market cap of $8.99 billion, a price-to-earnings ratio of -84.16, a P/E/G 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. 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 company has a 50 day simple moving average of $103.46 and a 200 day simple moving average of $120.88.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued 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 positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million during the quarter, compared to the consensus estimate of $230.04 million. During the same quarter in the previous year, the company posted $0.59 EPS. The business's revenue for the quarter was up 30.2% compared to the same quarter last year. Equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 286,635 shares of the business's stock in a transaction on Friday, February 14th. The shares were sold at an average price of $123.31, for a total value of $35,344,961.85. Following the completion of the transaction, the director now owns 5,123,636 shares of the company's stock, valued at $631,795,555.16. The trade was a 5.30% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the business's stock in a transaction dated 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 directly owns 35,603 shares of the company's stock, valued at approximately $3,560,300. The trade was a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 697,291 shares of company stock worth $86,141,880 in the last quarter. Insiders own 16.30% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on MTSI. Barclays boosted their target price on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research report on Friday. Bank of America reduced their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Stifel Nicolaus reduced their target price 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. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a report on Wednesday, April 9th. Finally, 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. Two research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of "Moderate Buy" and a consensus price target of $130.91.

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.