Silvercrest Asset Management Group LLC reduced its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,893 shares of the semiconductor company's stock after selling 10,142 shares during the quarter. Silvercrest Asset Management Group LLC owned 0.37% of MACOM Technology Solutions worth $35,581,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after purchasing an additional 368,979 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after purchasing an additional 1,120,510 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of MACOM Technology Solutions by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after buying an additional 6,784 shares during the period. Millennium Management LLC raised its holdings in shares of MACOM Technology Solutions by 14.8% during the 4th quarter. Millennium Management LLC now owns 850,687 shares of the semiconductor company's stock valued at $110,513,000 after buying an additional 109,529 shares during the period. Finally, Norges Bank acquired a new position in MACOM Technology Solutions during the 4th quarter worth approximately $82,833,000. Institutional investors and hedge funds own 76.14% of the company's stock.
Insider Transactions at MACOM Technology Solutions
In related news, Director Susan Ocampo sold 4,694 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $123.50, for a total transaction of $579,709.00. Following the sale, the director now owns 4,223,070 shares in the company, valued at $521,549,145. This represents a 0.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of MACOM Technology Solutions stock in a transaction that occurred 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. The trade was a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 316,111 shares of company stock worth $38,887,350. 16.30% of the stock is currently owned by insiders.
MACOM Technology Solutions Stock Performance
Shares of MTSI traded up $0.28 during mid-day trading on Thursday, hitting $121.65. The stock had a trading volume of 124,279 shares, compared to its average volume of 682,619. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company has a market cap of $9.04 billion, a PE ratio of -84.51, a PEG ratio of 2.42 and a beta of 1.36. The company's fifty day simple moving average is $106.39 and its two-hundred day simple moving average is $121.15.
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, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the business posted $0.59 earnings per share. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. 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 research note on Wednesday, April 9th. Stifel Nicolaus cut their price objective on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 target price on the stock. Finally, Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the company from $105.00 to $140.00 in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $130.50.
Get Our Latest Stock Analysis on MTSI
About MACOM Technology Solutions
(
Free Report)
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.
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