Polar Asset Management Partners Inc. Cuts Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Polar Asset Management Partners Inc. trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 17.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 152,845 shares of the semiconductor company's stock after selling 31,955 shares during the quarter. Polar Asset Management Partners Inc. owned 0.21% of MACOM Technology Solutions worth $19,856,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MTSI. Louisiana State Employees Retirement System boosted its stake in shares of MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock worth $2,092,000 after buying an additional 100 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of MACOM Technology Solutions by 1.4% in the fourth quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock worth $930,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of MACOM Technology Solutions by 74.3% in the fourth 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 last quarter. Quadrant Capital Group LLC boosted its stake in shares of MACOM Technology Solutions by 8.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock worth $174,000 after buying an additional 101 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in shares of MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after buying an additional 112 shares during the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MTSI. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a report on Friday, April 11th. They issued a "buy" rating and a $125.00 price target for the company. Bank of America cut their price target on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Friday, May 9th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $130.50.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 97,527 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the sale, the director now directly owns 4,689,225 shares of the company's stock, valued at $581,839,038. This represents a 2.04% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Donghyun Thomas Hwang sold 4,944 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total value of $586,308.96. Following the sale, the senior vice president now directly owns 30,659 shares of the company's stock, valued at approximately $3,635,850.81. This represents a 13.89% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 408,944 shares of company stock valued at $50,408,791 in the last three months. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI traded up $0.28 during midday trading on Tuesday, hitting $122.81. The stock had a trading volume of 135,865 shares, compared to its average volume of 682,095. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The stock has a 50 day simple moving average of $105.76 and a 200-day simple moving average of $121.13. The company has a market capitalization of $9.13 billion, a PE ratio of -85.22, a P/E/G ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.84 by $0.01. The firm had revenue of $235.89 million during the quarter, compared to analysts' expectations of $230.04 million. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. MACOM Technology Solutions's revenue for the quarter was up 30.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.