Polar Capital Holdings Plc Cuts Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Polar Capital Holdings Plc reduced its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 2.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,071,071 shares of the semiconductor company's stock after selling 25,921 shares during the quarter. Polar Capital Holdings Plc owned 1.44% of MACOM Technology Solutions worth $139,143,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Louisiana State Employees Retirement System increased 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 purchasing an additional 100 shares in the last quarter. Russell Investments Group Ltd. increased 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 purchasing an additional 100 shares in the last quarter. UMB Bank n.a. increased 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 purchasing an additional 101 shares in the last quarter. Quadrant Capital Group LLC increased 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 purchasing an additional 101 shares in the last quarter. Finally, CIBC Asset Management Inc increased 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 purchasing an additional 112 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm'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 completion of the transaction, the senior vice president now owns 30,659 shares of the company's stock, valued at $3,635,850.81. This trade represents a 13.89% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 97,527 shares of MACOM Technology Solutions stock in a transaction 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 sale, the director now directly owns 4,689,225 shares of the company's stock, valued at approximately $581,839,038. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 408,944 shares of company stock worth $50,408,791 in the last ninety days. 16.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MTSI. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Friday, May 9th. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research note on Wednesday, April 9th. Stifel Nicolaus dropped their price target on MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Barclays upped their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Bank of America dropped their price target on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $130.50.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded up $0.22 during trading on Tuesday, reaching $122.75. 135,865 shares of the company's stock traded hands, compared to its average volume of 682,095. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The firm has a market cap of $9.13 billion, a PE ratio of -85.22, a P/E/G ratio of 2.42 and a beta of 1.36. The company has a 50-day simple moving average of $105.76 and a 200-day simple moving average of $121.13.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The firm had revenue of $235.89 million for the quarter, compared to analysts' expectations of $230.04 million. During the same period last year, the firm earned $0.59 EPS. The company's quarterly revenue was up 30.2% on a year-over-year basis. As a group, analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.