Neuberger Berman Group LLC Sells 61,239 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Neuberger Berman Group LLC cut its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIGet Rating) by 4.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,234,879 shares of the semiconductor company’s stock after selling 61,239 shares during the period. Neuberger Berman Group LLC owned 1.77% of MACOM Technology Solutions worth $73,979,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of MTSI. CWM LLC boosted its holdings in MACOM Technology Solutions by 55.9% in the 1st quarter. CWM LLC now owns 664 shares of the semiconductor company’s stock worth $40,000 after buying an additional 238 shares during the period. Covestor Ltd lifted its stake in MACOM Technology Solutions by 97.7% in the 1st quarter. Covestor Ltd now owns 1,621 shares of the semiconductor company’s stock worth $97,000 after purchasing an additional 801 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $139,000. Hilltop Holdings Inc. purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $278,000. Finally, HighTower Advisors LLC purchased a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $285,000. 72.30% of the stock is owned by institutional investors.

Insider Activity at MACOM Technology Solutions

In related news, SVP Ambra R. Roth sold 6,903 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $50.00, for a total transaction of $345,150.00. Following the transaction, the senior vice president now owns 23,681 shares in the company, valued at approximately $1,184,050. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, SVP Ambra R. Roth sold 6,903 shares of the business’s stock in a transaction dated Monday, June 27th. The stock was sold at an average price of $50.00, for a total transaction of $345,150.00. Following the transaction, the senior vice president now owns 23,681 shares in the company, valued at approximately $1,184,050. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $53.29, for a total value of $106,580.00. Following the transaction, the senior vice president now owns 90,650 shares in the company, valued at approximately $4,830,738.50. The disclosure for this sale can be found here. Insiders have sold a total of 959,123 shares of company stock worth $56,896,897 in the last 90 days. Company insiders own 28.30% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI opened at $54.18 on Friday. The stock has a market cap of $3.79 billion, a PE ratio of 17.71, a PEG ratio of 1.52 and a beta of 2.00. The company’s fifty day moving average is $55.94 and its 200 day moving average is $54.01. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $42.85 and a 52 week high of $80.30. The company has a quick ratio of 6.46, a current ratio of 7.55 and a debt-to-equity ratio of 1.01.

MACOM Technology Solutions (NASDAQ:MTSIGet Rating) last issued its earnings results on Thursday, July 28th. The semiconductor company reported $0.59 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.02. The company had revenue of $172.30 million for the quarter, compared to analysts’ expectations of $170.04 million. MACOM Technology Solutions had a net margin of 33.38% and a return on equity of 27.65%. The firm’s revenue was up 12.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.44 EPS. Research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.26 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Northland Securities lowered their target price on shares of MACOM Technology Solutions from $75.00 to $70.00 in a research note on Friday, July 29th. Barclays lowered their target price on shares of MACOM Technology Solutions from $75.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, July 25th. Piper Sandler increased their target price on shares of MACOM Technology Solutions from $65.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, August 19th. Cowen raised their price objective on shares of MACOM Technology Solutions from $55.00 to $68.00 in a research report on Friday, July 29th. Finally, Cowen raised their price objective on shares of MACOM Technology Solutions from $55.00 to $68.00 in a research report on Friday, July 29th. Eight equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $71.55.

MACOM Technology Solutions Profile

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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, the Asia Pacific, and internationally.

Further Reading

Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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