MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stock Holdings Cut by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 132,729 shares of the semiconductor company’s stock after selling 810 shares during the period. Principal Financial Group Inc. owned approximately 0.18% of MACOM Technology Solutions worth $17,243,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Sheaff Brock Investment Advisors LLC bought a new stake in MACOM Technology Solutions in the fourth quarter worth about $402,000. Blue Trust Inc. grew its stake in shares of MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 264 shares during the last quarter. HMS Capital Management LLC bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $425,000. Legato Capital Management LLC lifted its stake in MACOM Technology Solutions by 51.3% during the fourth quarter. Legato Capital Management LLC now owns 17,938 shares of the semiconductor company’s stock valued at $2,330,000 after purchasing an additional 6,085 shares during the last quarter. Finally, Louisiana State Employees Retirement System boosted its holdings in MACOM Technology Solutions by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company’s stock worth $2,092,000 after buying an additional 100 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analysts Set New Price Targets

MTSI has been the topic of several research reports. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Barclays lifted 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. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, MACOM Technology Solutions presently has a consensus rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $116.31 on Wednesday. The company has a market cap of $8.65 billion, a PE ratio of -80.77, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $152.50. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The firm has a fifty day moving average price of $131.99 and a two-hundred day moving average price of $122.02.

MACOM Technology Solutions (NASDAQ:MTSI) last posted 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares of the company’s stock, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Ambra R. Roth sold 1,366 shares of MACOM Technology Solutions stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the sale, the senior vice president now owns 6,564 shares of the company’s stock, valued at approximately $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 747,562 shares of company stock valued at $92,693,081. 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.