The Manufacturers Life Insurance Company Sells 179,860 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

The Manufacturers Life Insurance Company lowered its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 24.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 565,643 shares of the semiconductor company's stock after selling 179,860 shares during the period. The Manufacturers Life Insurance Company owned 0.76% of MACOM Technology Solutions worth $73,483,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in MTSI. Price T Rowe Associates Inc. MD raised its position in MACOM Technology Solutions by 38.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,998,136 shares of the semiconductor company's stock worth $519,399,000 after acquiring an additional 1,120,510 shares in the last quarter. Norges Bank bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $82,833,000. Vanguard Group Inc. lifted its stake in MACOM Technology Solutions by 6.0% in the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after purchasing an additional 368,979 shares during the last quarter. Massachusetts Financial Services Co. MA bought a new position in MACOM Technology Solutions during the fourth quarter worth about $31,260,000. Finally, Wellington Management Group LLP acquired a new position in MACOM Technology Solutions during the fourth quarter worth approximately $14,645,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Truist Financial assumed coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 price objective for the company. Benchmark reaffirmed a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Bank of America decreased their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus cut their target price on shares of 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. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target on the stock in a research note on Wednesday, April 9th. Two equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $127.92.

MACOM Technology Solutions Stock Performance

Shares of MTSI traded up $6.06 during mid-day trading on Friday, hitting $112.28. 983,009 shares of the company's stock were exchanged, compared to its average volume of 663,151. 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 52 week low of $84.00 and a 52 week high of $152.50. The stock's 50-day simple moving average is $103.27 and its 200-day simple moving average is $120.76. The firm has a market cap of $8.35 billion, a price-to-earnings ratio of -77.97, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 300,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. The trade was a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the company's stock in a transaction dated Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the transaction, the senior vice president now directly owns 35,603 shares of the company's stock, valued at approximately $3,560,300. The trade was a 15.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 743,064 shares of company stock valued at $91,879,525. Company insiders own 16.30% 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.