MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Position Reduced by AQR Arbitrage LLC

AQR Arbitrage LLC lessened its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 100.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,366 shares of the semiconductor company's stock after selling 46,466,634 shares during the quarter. AQR Arbitrage LLC's holdings in MACOM Technology Solutions were worth $437,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its holdings in shares of MACOM Technology Solutions by 6.0% during the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock worth $846,656,000 after buying an additional 368,979 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of MACOM Technology Solutions by 38.9% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after buying an additional 1,120,510 shares during the period. Geode Capital Management LLC grew its holdings in MACOM Technology Solutions by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock valued at $132,882,000 after purchasing an additional 6,784 shares during the period. Norges Bank acquired a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $82,833,000. Finally, Jennison Associates LLC lifted its stake in MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock valued at $69,172,000 after acquiring an additional 2,646 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on MTSI shares. Barclays decreased their price target on shares of MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 22nd. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Truist Financial initiated coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective for the company. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price on the stock in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $128.64.

Insider Activity at MACOM Technology Solutions

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

MACOM Technology Solutions Stock Down 2.6 %

Shares of MACOM Technology Solutions stock traded down $2.90 during trading on Tuesday, reaching $110.82. The company's stock had a trading volume of 729,655 shares, compared to its average volume of 664,454. The company has a 50-day simple moving average of $103.17 and a two-hundred day simple moving average of $120.87. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year 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 $8.24 billion, a price-to-earnings ratio of -76.96, a P/E/G ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.