Swiss National Bank Reduces Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Swiss National Bank lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 10.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,850 shares of the semiconductor company's stock after selling 12,800 shares during the quarter. Swiss National Bank owned about 0.16% of MACOM Technology Solutions worth $10,396,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MTSI. RiverPark Advisors LLC bought a new position in shares of MACOM Technology Solutions in the 3rd quarter worth $58,000. Harvest Fund Management Co. Ltd acquired a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $69,000. Headlands Technologies LLC bought a new stake in shares of MACOM Technology Solutions during the third quarter worth about $144,000. International Assets Investment Management LLC acquired a new stake in shares of MACOM Technology Solutions in the 4th quarter worth about $156,000. Finally, EP Wealth Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter worth about $208,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Stock Performance

MTSI traded up $0.67 during midday trading on Monday, reaching $102.61. The company had a trading volume of 514,454 shares, compared to its average volume of 528,726. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $55.43 and a 12-month high of $107.00. The business has a 50-day moving average price of $97.74 and a two-hundred day moving average price of $89.55. The stock has a market cap of $7.40 billion, a PE ratio of 116.60, a P/E/G ratio of 8.25 and a beta of 1.65. The company has a debt-to-equity ratio of 0.47, a quick ratio of 5.70 and a current ratio of 7.34.

Analyst Upgrades and Downgrades

A number of brokerages have commented on MTSI. Craig Hallum boosted their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a "buy" rating in a report on Friday, May 3rd. TheStreet downgraded MACOM Technology Solutions from a "b" rating to a "c+" rating in a report on Thursday, February 1st. Barclays raised their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the company an "overweight" rating in a research note on Friday, May 3rd. Evercore ISI started coverage on shares of MACOM Technology Solutions in a research note on Tuesday, April 16th. They issued an "outperform" rating and a $120.00 target price for the company. Finally, Benchmark raised their price target on shares of MACOM Technology Solutions from $95.00 to $115.00 and gave the company a "buy" rating in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus target price of $111.00.

Insider Activity at MACOM Technology Solutions

In related news, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction dated 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 sale, the senior vice president now 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 SEC, which is available at this hyperlink. In other MACOM Technology Solutions news, Director Susan Ocampo sold 115,313 shares of the stock in a transaction on Wednesday, February 14th. The stock was sold at an average price of $85.58, for a total transaction of $9,868,486.54. Following the sale, the director now owns 7,130,355 shares in the company, valued at $610,215,780.90. The transaction was disclosed in a document filed with the SEC, which is available at 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 owns 15,649 shares of the company's stock, valued at $1,347,691.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,721 shares of company stock worth $38,753,124. Insiders own 22.75% of the company's stock.

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.