Zurcher Kantonalbank Zurich Cantonalbank Decreases Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Zurcher Kantonalbank Zurich Cantonalbank lowered its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 96.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,856 shares of the semiconductor company's stock after selling 296,957 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in MACOM Technology Solutions were worth $1,102,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of MTSI. RiverPark Advisors LLC acquired a new stake in shares of MACOM Technology Solutions during the third quarter worth about $58,000. Headlands Technologies LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at approximately $144,000. International Assets Investment Management LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter valued at approximately $156,000. EP Wealth Advisors LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at approximately $208,000. Finally, Pathstone Family Office LLC acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at approximately $209,000. Institutional investors and hedge funds own 76.14% of the company's stock.

MACOM Technology Solutions Stock Performance

MTSI traded up $1.13 during trading on Friday, hitting $101.71. The stock had a trading volume of 427,262 shares, compared to its average volume of 503,700. The company has a 50 day moving average price of $94.58 and a 200-day moving average price of $87.60. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 97.80, a P/E/G ratio of 6.44 and a beta of 1.64. MACOM Technology Solutions Holdings, Inc. has a one year low of $48.53 and a one year high of $104.90. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The business had revenue of $157.15 million during the quarter, compared to the consensus estimate of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. As a group, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.02 EPS for the current year.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the completion of the transaction, the senior vice president now directly owns 15,649 shares of the company's stock, valued at approximately $1,347,691.88. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction on Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the completion of the transaction, the senior vice president now directly owns 57,722 shares of the company's stock, valued at approximately $5,066,259.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction on Friday, February 16th. The shares were sold at an average price of $86.12, for a total value of $87,756.28. Following the completion of the transaction, the senior vice president now directly owns 15,649 shares of the company's stock, valued at $1,347,691.88. The disclosure for this sale can be found here. Insiders sold 811,058 shares of company stock worth $68,674,574 in the last ninety days. 22.75% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MTSI. Evercore ISI assumed coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an "outperform" rating and a $120.00 target price on the stock. Piper Sandler restated a "neutral" rating and issued a $85.00 price target on shares of MACOM Technology Solutions in a research note on Thursday, January 4th. Needham & Company LLC raised their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a "buy" rating in a research note on Friday, February 2nd. TheStreet downgraded MACOM Technology Solutions from a "b" rating to a "c+" rating in a research note on Thursday, February 1st. Finally, Barclays raised their price target on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an "overweight" rating in a research note on Tuesday, January 16th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions has an average rating of "Moderate Buy" and an average target price of $99.67.

MACOM Technology Solutions 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.