Stifel Financial Corp Sells 2,686 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Stifel Financial Corp cut its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 19.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,076 shares of the semiconductor company's stock after selling 2,686 shares during the period. Stifel Financial Corp's holdings in MACOM Technology Solutions were worth $1,439,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of MTSI. UMB Bank n.a. grew its holdings 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 valued at $31,000 after acquiring an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new position in MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC lifted its stake in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. 76.14% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on MTSI shares. Barclays upped 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. Northland Capmk upgraded 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 on the stock in a research note on Wednesday, April 9th. Bank of America dropped their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a research note on Wednesday, April 16th. Finally, Benchmark restated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Friday. Two investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $130.91.

MACOM Technology Solutions Stock Performance

Shares of NASDAQ:MTSI traded up $1.59 during trading on Tuesday, hitting $124.20. 176,172 shares of the company were exchanged, compared to its average volume of 673,655. 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 52-week low of $84.00 and a 52-week high of $152.50. The company has a market cap of $9.23 billion, a PE ratio of -86.25, a P/E/G ratio of 2.42 and a beta of 1.36. The stock has a 50 day moving average of $103.68 and a 200 day 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, 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 company had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same quarter last year, the business posted $0.59 earnings per share. The firm's revenue was up 30.2% compared to the same quarter last year. As a group, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now owns 14,031 shares of the company's stock, valued at $1,706,309.91. This represents a 32.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 300,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the completion of the transaction, the director now directly owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. This represents a 5.86% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 702,235 shares of company stock valued at $86,728,189 over the last 90 days. 16.30% of the stock is owned by insiders.

About MACOM Technology Solutions

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.