Farther Finance Advisors LLC Sells 705 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Farther Finance Advisors LLC cut its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 76.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 215 shares of the semiconductor company’s stock after selling 705 shares during the quarter. Farther Finance Advisors LLC’s holdings in MACOM Technology Solutions were worth $28,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in MTSI. Geode Capital Management LLC boosted its stake in shares of MACOM Technology Solutions by 4.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock valued at $113,044,000 after purchasing an additional 46,812 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after buying an additional 116,090 shares during the period. Jennison Associates LLC raised its position in shares of MACOM Technology Solutions by 0.5% during the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock worth $69,172,000 after acquiring an additional 2,646 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock worth $69,157,000 after acquiring an additional 1,719 shares during the period. Finally, Polar Asset Management Partners Inc. lifted its stake in shares of MACOM Technology Solutions by 6.8% in the third quarter. Polar Asset Management Partners Inc. now owns 184,800 shares of the semiconductor company’s stock worth $20,561,000 after acquiring an additional 11,800 shares during the period. Institutional investors own 76.14% of the company’s stock.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the sale, the director now owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares of the company’s stock, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 746,198 shares of company stock valued at $92,503,343. Company insiders own 16.30% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the topic of several research analyst reports. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the company from $105.00 to $140.00 in a research report on Monday, February 10th. 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. Finally, Benchmark reissued a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $112.84 on Tuesday. The company has a 50-day simple moving average of $122.25 and a 200 day simple moving average of $122.51. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $90.01 and a 52-week high of $152.50. The company has a market capitalization of $8.39 billion, a PE ratio of -78.36, a price-to-earnings-growth 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 (NASDAQ:MTSI) last issued its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) 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, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.