PNC Financial Services Group Inc. Sells 385 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

PNC Financial Services Group Inc. lowered its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 5.1% in the 4th quarter, HoldingsChannel reports. The fund owned 7,123 shares of the semiconductor company’s stock after selling 385 shares during the period. PNC Financial Services Group Inc.’s holdings in MACOM Technology Solutions were worth $925,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. UMB Bank n.a. raised its holdings 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 period. Empowered Funds LLC purchased a new stake in MACOM Technology Solutions in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions during the 4th quarter worth about $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions in the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC increased its stake in shares of MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares during the period. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Performance

MTSI stock opened at $110.44 on Tuesday. The stock’s fifty day moving average is $124.74 and its two-hundred day moving average is $122.30. The stock has a market capitalization of $8.21 billion, a price-to-earnings ratio of -76.69, a PEG ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $88.32 and a 1 year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on MTSI. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

Insider Activity at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 300,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total value of $37,239,000.00. Following the transaction, the director now directly owns 4,823,636 shares in the company, valued at $598,757,936.68. This trade represents a 5.86 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO John Kober sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the transaction, the chief financial officer now directly owns 49,239 shares of the company’s stock, valued at approximately $6,405,501.51. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 746,198 shares of company stock valued at $92,503,343. Corporate insiders own 16.30% of the company’s stock.

About MACOM Technology Solutions

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.