MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lowered its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 149,537 shares of the semiconductor company’s stock after selling 455 shares during the quarter. Rhumbline Advisers’ holdings in MACOM Technology Solutions were worth $19,427,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. UMB Bank n.a. lifted its position in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $33,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $36,000. Quarry LP acquired a new position in MACOM Technology Solutions in the third quarter valued at about $57,000. Finally, Blue Trust Inc. lifted its position in MACOM Technology Solutions by 122.2% in the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock valued at $62,000 after buying an additional 264 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

MTSI has been the topic of a number of recent analyst reports. Northland Securities raised shares of 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. Benchmark reissued a “buy” rating and set a $160.00 price target on shares of MACOM Technology Solutions 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 report on Monday, February 10th. Barclays increased their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Finally, Piper Sandler increased their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a “neutral” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $131.50.

Insider Buying and Selling

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the completion of the transaction, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 662,473 shares of company stock worth $82,292,578. Company insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Stock Up 0.2 %

MTSI stock opened at $124.01 on Friday. The company’s 50 day moving average price is $133.23 and its 200 day moving average price is $121.26. 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 fifty-two week low of $82.36 and a fifty-two week high of $152.50. The firm has a market capitalization of $9.22 billion, a price-to-earnings ratio of -86.12, a PEG ratio of 2.43 and a beta of 1.71.

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