New York State Common Retirement Fund Reduces Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

New York State Common Retirement Fund lessened its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 13.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 191,754 shares of the semiconductor company's stock after selling 28,539 shares during the period. New York State Common Retirement Fund owned 0.27% of MACOM Technology Solutions worth $17,824,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Duality Advisers LP increased its stake in MACOM Technology Solutions by 5.9% in the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company's stock valued at $253,000 after purchasing an additional 152 shares in the last quarter. State of Michigan Retirement System boosted its holdings in MACOM Technology Solutions by 1.6% during the third quarter. State of Michigan Retirement System now owns 12,900 shares of the semiconductor company's stock worth $1,052,000 after purchasing an additional 200 shares during the last quarter. New York State Teachers Retirement System boosted its holdings in MACOM Technology Solutions by 2.5% during the fourth quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company's stock worth $765,000 after purchasing an additional 200 shares during the last quarter. RiverPark Advisors LLC boosted its holdings in MACOM Technology Solutions by 29.1% during the fourth quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company's stock worth $86,000 after purchasing an additional 208 shares during the last quarter. Finally, Arizona State Retirement System boosted its holdings in MACOM Technology Solutions by 1.6% during the third quarter. Arizona State Retirement System now owns 16,146 shares of the semiconductor company's stock worth $1,317,000 after purchasing an additional 252 shares during the last quarter. Institutional investors own 76.14% of the company's stock.

MACOM Technology Solutions Trading Up 2.3 %

MTSI stock traded up $2.29 during mid-day trading on Monday, reaching $104.00. 479,752 shares of the stock traded hands, compared to its average volume of 505,240. The stock has a market capitalization of $7.50 billion, a PE ratio of 100.00, a PEG 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 quick ratio of 5.69 and a current ratio of 7.24. The business has a 50-day moving average price of $94.58 and a two-hundred day moving average price of $87.60.

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, April 18th. TheStreet lowered shares of MACOM Technology Solutions from a "b" rating to a "c+" rating in a research report on Thursday, February 1st. Needham & Company LLC boosted their price target on shares of MACOM Technology Solutions from $84.00 to $100.00 and gave the company a "buy" rating in a research report on Friday, February 2nd. Piper Sandler reaffirmed a "neutral" rating and set a $85.00 target price on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Finally, Evercore ISI initiated coverage on shares of MACOM Technology Solutions in a report on Tuesday, April 16th. They set an "outperform" rating and a $120.00 target price on the stock. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat.com, MACOM Technology Solutions has an average rating of "Moderate Buy" and a consensus target price of $99.67.

Insiders Place Their Bets

In related news, CFO John Kober sold 12,892 shares of the stock in a transaction that occurred on Tuesday, February 6th. The shares were sold at an average price of $79.95, for a total value of $1,030,715.40. Following the transaction, the chief financial officer now owns 60,672 shares in the company, valued at approximately $4,850,726.40. The sale was disclosed in a filing with the SEC, which is available through this link. In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 9,397 shares of the company's stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $92.24, for a total value of $866,779.28. Following the sale, the senior vice president now owns 48,325 shares in the company, valued at approximately $4,457,498. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO John Kober sold 12,892 shares of the company's stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the sale, the chief financial officer now owns 60,672 shares in the company, valued at approximately $4,850,726.40. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 804,824 shares of company stock worth $68,127,415. 22.75% of the stock is owned by corporate insiders.

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.