Deutsche Bank AG Sells 840,306 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Deutsche Bank AG cut its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 90.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 85,746 shares of the semiconductor company's stock after selling 840,306 shares during the quarter. Deutsche Bank AG owned approximately 0.12% of MACOM Technology Solutions worth $11,139,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. UMB Bank n.a. grew 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 valued at $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions during the 4th quarter worth about $35,000. Smartleaf Asset Management LLC lifted its position in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares during the period. Finally, AlphaQuest LLC acquired a new stake in MACOM Technology Solutions during the 4th quarter valued at approximately $42,000. 76.14% of the stock is owned by institutional investors.

Insider Activity at MACOM Technology Solutions

In related news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total value of $586,308.96. Following the completion of the transaction, the senior vice president now owns 30,659 shares of the company's stock, valued at approximately $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now directly owns 4,823,636 shares of the company's stock, valued at $598,757,936.68. The trade was a 5.86% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 708,944 shares of company stock worth $87,647,791 in the last 90 days. 16.30% of the stock is owned by company insiders.

MACOM Technology Solutions Stock Performance

Shares of MTSI stock traded down $0.93 during trading hours on Monday, reaching $122.53. The stock had a trading volume of 862,058 shares, compared to its average volume of 684,270. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm has a market capitalization of $9.11 billion, a PE ratio of -85.09, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The firm has a 50-day simple moving average of $105.45 and a 200-day simple moving average of $121.06.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts' expectations of $230.04 million. During the same period in the previous year, the firm posted $0.59 EPS. The company's quarterly revenue was up 30.2% on a year-over-year basis. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on MTSI shares. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Benchmark reaffirmed a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Bank of America cut their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research report on Wednesday, April 16th. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research note on Wednesday, April 9th. Finally, Barclays lifted their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note 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 stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $130.50.

MACOM Technology Solutions Company 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.