Federated Hermes Inc. Cuts Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Federated Hermes Inc. cut its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,436 shares of the semiconductor company’s stock after selling 179 shares during the quarter. Federated Hermes Inc.’s holdings in MACOM Technology Solutions were worth $706,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at about $82,833,000. Vanguard Group Inc. grew its holdings in MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after purchasing an additional 368,979 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $31,260,000. Wellington Management Group LLP acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth approximately $14,645,000. Finally, ExodusPoint Capital Management LP raised its stake in shares of MACOM Technology Solutions by 198.8% during the 4th quarter. ExodusPoint Capital Management LP now owns 113,134 shares of the semiconductor company’s stock worth $14,697,000 after buying an additional 75,273 shares during the period. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s 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 approximately $5,806,381. This represents a 14.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 97,527 shares of the stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the transaction, the director now directly owns 4,689,225 shares of the company’s stock, valued at $581,839,038. The trade was a 2.04 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 743,948 shares of company stock worth $92,210,640. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Price Performance

MACOM Technology Solutions stock opened at $97.23 on Thursday. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The stock has a market cap of $7.23 billion, a P/E ratio of -67.52, a PEG ratio of 2.42 and a beta of 1.72. The company has a 50-day moving average price of $107.97 and a 200 day moving average price of $121.55. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Benchmark reissued a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Bank of America cut their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a research note on Wednesday. BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 target price on the stock in a research report on Wednesday, April 9th. Finally, Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus price target of $132.08.

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.