Prudential Financial Inc. Has $509,000 Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Prudential Financial Inc. lessened its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 33.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,920 shares of the semiconductor company’s stock after selling 1,964 shares during the quarter. Prudential Financial Inc.’s holdings in MACOM Technology Solutions were worth $509,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MTSI. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $35,000. Geode Capital Management LLC grew its stake in MACOM Technology Solutions by 4.8% in the third 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. Charles Schwab Investment Management Inc. lifted its stake in 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 valued at $69,157,000 after acquiring an additional 1,719 shares during the last quarter. Assenagon Asset Management S.A. lifted its position in shares of MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company’s stock valued at $12,756,000 after buying an additional 18,055 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings 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 valued at $36,000 after purchasing an additional 138 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

Insider Activity

In related news, Director Geoffrey G. Ribar sold 6,656 shares of the company’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now directly owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. BNP Paribas raised 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 report on Wednesday. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and a consensus price target of $131.82.

MACOM Technology Solutions Trading Up 21.6 %

Shares of MACOM Technology Solutions stock opened at $106.59 on Thursday. The company’s fifty day simple moving average is $111.26 and its 200-day simple moving average is $122.00. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The stock has a market capitalization of $7.92 billion, a PE ratio of -74.02, a P/E/G ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share 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.