MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Position Decreased by Aristotle Capital Boston LLC

Aristotle Capital Boston LLC decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 10.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 510,010 shares of the semiconductor company's stock after selling 57,140 shares during the period. MACOM Technology Solutions accounts for about 2.5% of Aristotle Capital Boston LLC's portfolio, making the stock its 2nd biggest position. Aristotle Capital Boston LLC owned 0.69% of MACOM Technology Solutions worth $66,255,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its position in shares of MACOM Technology Solutions by 74.3% during 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. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter worth $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions in the fourth quarter valued at $35,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of 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 purchasing an additional 138 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Barclays cut their price target on MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating on the stock in a report on Tuesday, April 22nd. 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. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $128.64.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded up $8.00 during trading hours on Thursday, reaching $121.37. 1,097,168 shares of the company were exchanged, compared to its average volume of 667,231. 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 stock has a market capitalization of $9.02 billion, a P/E ratio of -84.28, a P/E/G ratio of 2.42 and a beta of 1.36. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The business's 50 day simple moving average is $103.08 and its 200-day simple moving average is $120.74.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its earnings results 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%. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 6,471 shares of the firm's stock in a transaction 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 sale, the senior vice president now owns 35,603 shares in the company, valued at approximately $3,560,300. This trade represents a 15.38 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Susan Ocampo sold 97,527 shares of the stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the transaction, the director now directly owns 4,689,225 shares in the company, valued at approximately $581,839,038. This represents a 2.04 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 743,064 shares of company stock worth $91,879,525 in the last three months. Corporate insiders own 16.30% of the company's stock.

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.