Vontobel Holding Ltd. Cuts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Vontobel Holding Ltd. lessened its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,211 shares of the semiconductor company’s stock after selling 116 shares during the quarter. Vontobel Holding Ltd.’s holdings in MACOM Technology Solutions were worth $580,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Riverview Trust Co purchased a new stake in MACOM Technology Solutions during the 1st quarter worth about $47,000. State of Michigan Retirement System raised its holdings in MACOM Technology Solutions by 3.8% in the first quarter. State of Michigan Retirement System now owns 13,500 shares of the semiconductor company’s stock valued at $1,291,000 after acquiring an additional 500 shares in the last quarter. Retirement Systems of Alabama lifted its stake in MACOM Technology Solutions by 1.0% in the first quarter. Retirement Systems of Alabama now owns 98,178 shares of the semiconductor company’s stock worth $9,390,000 after acquiring an additional 998 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in MACOM Technology Solutions during the 1st quarter worth approximately $77,000. Finally, RiverPark Advisors LLC increased its position in shares of MACOM Technology Solutions by 361.3% in the 1st quarter. RiverPark Advisors LLC now owns 4,258 shares of the semiconductor company’s stock valued at $407,000 after purchasing an additional 3,335 shares during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

MACOM Technology Solutions Trading Up 0.2 %

Shares of MACOM Technology Solutions stock opened at $114.08 on Tuesday. The company’s fifty day moving average is $106.65 and its two-hundred day moving average is $104.59. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $68.58 and a 1 year high of $118.76. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The company has a market capitalization of $8.23 billion, a P/E ratio of 129.64, a PEG ratio of 4.35 and a beta of 1.70.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.66. MACOM Technology Solutions had a return on equity of 12.59% and a net margin of 10.59%. The firm had revenue of $190.50 million for the quarter, compared to analysts’ expectations of $190.42 million. During the same quarter in the previous year, the firm posted $0.42 EPS. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. Analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 1.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

MTSI has been the subject of a number of analyst reports. Benchmark reiterated a “buy” rating and set a $120.00 target price on shares of MACOM Technology Solutions in a research note on Thursday, September 12th. Barclays boosted their target price on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Needham & Company LLC increased their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 2nd. Stifel Nicolaus boosted their price objective on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, JPMorgan Chase & Co. increased their target price on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $117.00.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 305,395 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the transaction, the director now directly owns 6,550,889 shares of the company’s stock, valued at approximately $697,538,660.72. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Robert Dennehy sold 6,683 shares of the company’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $106.78, for a total transaction of $713,610.74. Following the transaction, the senior vice president now owns 26,396 shares of the company’s stock, valued at $2,818,564.88. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Susan Ocampo sold 305,395 shares of the firm’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $106.48, for a total value of $32,518,459.60. Following the completion of the sale, the director now directly owns 6,550,889 shares of the company’s stock, valued at approximately $697,538,660.72. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 654,861 shares of company stock worth $69,430,533 over the last 90 days. 22.75% of the stock is currently owned by insiders.

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.