Victory Capital Management Inc. Has $59.42 Million Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Victory Capital Management Inc. trimmed its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 6.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 639,279 shares of the semiconductor company's stock after selling 47,346 shares during the period. Victory Capital Management Inc. owned 0.89% of MACOM Technology Solutions worth $59,421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTSI. Principal Financial Group Inc. grew its position in MACOM Technology Solutions by 139.9% during the 3rd quarter. Principal Financial Group Inc. now owns 494,621 shares of the semiconductor company's stock worth $40,351,000 after purchasing an additional 288,408 shares in the last quarter. Artisan Partners Limited Partnership grew its position in MACOM Technology Solutions by 29.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company's stock worth $92,053,000 after purchasing an additional 253,396 shares in the last quarter. Vanguard Group Inc. grew its position in MACOM Technology Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company's stock worth $466,455,000 after purchasing an additional 101,938 shares in the last quarter. The Manufacturers Life Insurance Company grew its position in MACOM Technology Solutions by 20.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 515,461 shares of the semiconductor company's stock worth $42,051,000 after purchasing an additional 89,191 shares in the last quarter. Finally, Silverberg Bernstein Capital Management LLC acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $7,915,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the sale, the director now owns 7,645,668 shares of the company's stock, valued at $629,926,586.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Susan Ocampo sold 200,000 shares of the firm's stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $82.39, for a total transaction of $16,478,000.00. Following the completion of the sale, the director now owns 7,645,668 shares of the company's stock, valued at $629,926,586.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Wayne Mack Struble sold 1,019 shares of the firm's stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.12, for a total transaction of $87,756.28. Following the sale, the senior vice president now directly owns 15,649 shares of the company's stock, valued at approximately $1,347,691.88. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 804,824 shares of company stock valued at $68,127,415. Corporate insiders own 22.75% of the company's stock.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded up $3.87 during mid-day trading on Friday, hitting $102.85. The company's stock had a trading volume of 629,777 shares, compared to its average volume of 561,157. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $48.53 and a fifty-two week high of $104.90. The company has a current ratio of 7.34, a quick ratio of 5.69 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 116.88, a P/E/G ratio of 6.52 and a beta of 1.65. The stock has a fifty day moving average of $96.16 and a 200-day moving average of $88.35.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 10.01% and a return on equity of 12.67%. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.02 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MTSI shares. Stifel Nicolaus lifted 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. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They set an "outperform" rating and a $120.00 target price for the company. Barclays lifted their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday. TheStreet lowered shares of MACOM Technology Solutions from a "b" rating to a "c+" rating in a research note on Thursday, February 1st. Finally, Craig Hallum lifted their price objective on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a "buy" rating in a research note on Friday. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and a consensus price target of $105.78.

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.