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

Rhumbline Advisers trimmed its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,537 shares of the semiconductor company’s stock after selling 455 shares during the period. Rhumbline Advisers owned approximately 0.20% of MACOM Technology Solutions worth $19,427,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MTSI. Westfield Capital Management Co. LP lifted its stake in MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock valued at $134,686,000 after acquiring an additional 210,151 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in shares of MACOM Technology Solutions by 52.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after purchasing an additional 182,058 shares during the period. The Manufacturers Life Insurance Company lifted its stake in shares of MACOM Technology Solutions by 18.4% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock valued at $82,945,000 after purchasing an additional 116,090 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at $11,005,000. Finally, Assenagon Asset Management S.A. acquired a new position in shares of MACOM Technology Solutions in the 3rd quarter valued at $8,916,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $124.01 on Friday. MACOM Technology Solutions Holdings, Inc. has a one year low of $82.36 and a one year high of $152.50. The firm has a market cap of $9.22 billion, a PE ratio of -86.12, a PEG ratio of 2.43 and a beta of 1.71. The firm has a fifty day moving average of $133.23 and a 200 day moving average of $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 (NASDAQ:MTSI) last released its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) 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%. As a group, research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on MTSI. Piper Sandler boosted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays boosted their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Benchmark reiterated a “buy” rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Finally, 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 note on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $131.50.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 300,000 shares of the business’s stock in a transaction dated 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 transaction, the director now owns 4,823,636 shares of the company’s stock, valued at approximately $598,757,936.68. The trade was a 5.86 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO John Kober sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total transaction of $292,702.50. Following the transaction, 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 disclosure for this sale can be found here. Insiders sold 662,473 shares of company stock valued at $82,292,578 over the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

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.