Keybank National Association OH Cuts Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Keybank National Association OH decreased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 25.3% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,781 shares of the semiconductor company’s stock after selling 1,283 shares during the period. Keybank National Association OH’s holdings in MACOM Technology Solutions were worth $491,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Louisiana State Employees Retirement System boosted its holdings in MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock worth $2,092,000 after purchasing an additional 100 shares during the last quarter. UMB Bank n.a. boosted its holdings 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 worth $31,000 after purchasing an additional 101 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in MACOM Technology Solutions by 4.2% in the third quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock worth $302,000 after purchasing an additional 110 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in MACOM Technology Solutions by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 112 shares during the last quarter. Finally, Verdence Capital Advisors LLC boosted its holdings in MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock worth $264,000 after purchasing an additional 137 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Down 1.2 %

Shares of MTSI stock opened at $102.75 on Monday. The company has a market capitalization of $7.64 billion, a price-to-earnings ratio of -71.35, a PEG ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a one year low of $88.18 and a one year high of $152.50. The company’s fifty day moving average price is $128.07 and its 200-day moving average price is $122.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Activity

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of MACOM Technology Solutions stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the sale, the chief financial officer now directly owns 49,239 shares in the company, valued at approximately $6,405,501.51. The trade was a 4.37 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 746,198 shares of company stock worth $92,503,343 in the last three months. Company insiders own 16.30% of the company’s stock.

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.