Arizona State Retirement System Sells 270 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Arizona State Retirement System lessened its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,876 shares of the semiconductor company’s stock after selling 270 shares during the period. Arizona State Retirement System’s holdings in MACOM Technology Solutions were worth $1,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MTSI. Vanguard Group Inc. increased its holdings in shares of MACOM Technology Solutions by 1.8% in the 3rd quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock worth $466,455,000 after purchasing an additional 101,938 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of MACOM Technology Solutions by 90.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,739,459 shares of the semiconductor company’s stock worth $235,511,000 after purchasing an additional 1,777,798 shares in the last quarter. State Street Corp increased its holdings in shares of MACOM Technology Solutions by 6.8% in the 2nd quarter. State Street Corp now owns 2,420,793 shares of the semiconductor company’s stock worth $158,635,000 after purchasing an additional 153,759 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of MACOM Technology Solutions by 5.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,684,015 shares of the semiconductor company’s stock worth $100,822,000 after purchasing an additional 84,293 shares in the last quarter. Finally, Artisan Partners Limited Partnership boosted its stake in shares of MACOM Technology Solutions by 29.0% in the 3rd quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock worth $92,053,000 after buying an additional 253,396 shares during the last quarter. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of MACOM Technology Solutions stock opened at $98.40 on Friday. The stock’s 50-day simple moving average is $91.70 and its 200-day simple moving average is $86.41. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $48.53 and a 52 week high of $104.59. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 94.62, a PEG ratio of 6.49 and a beta of 1.64. The company has a quick ratio of 5.69, a current ratio of 7.24 and a debt-to-equity ratio of 0.48.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. The business had revenue of $157.15 million for the quarter, compared to the consensus estimate of $151.12 million. As a group, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

Insider Activity

In other news, CFO John Kober sold 12,892 shares of the business’s stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the transaction, the chief financial officer now directly owns 60,672 shares in the company, valued at $4,850,726.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 29th. The stock was sold at an average price of $87.77, for a total value of $547,158.18. Following the sale, the senior vice president now directly owns 57,722 shares of the company’s stock, valued at $5,066,259.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO John Kober sold 12,892 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the sale, the chief financial officer now directly owns 60,672 shares in the company, valued at $4,850,726.40. The disclosure for this sale can be found here. Insiders have sold 811,058 shares of company stock worth $68,674,574 over the last ninety days. Corporate insiders own 22.75% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Stifel Nicolaus raised their price target on MACOM Technology Solutions from $90.00 to $105.00 and gave the stock a “buy” rating in a research note on Tuesday, January 2nd. Barclays raised their price target on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 16th. Needham & Company LLC raised their price target on MACOM Technology Solutions from $84.00 to $100.00 and gave the stock a “buy” rating in a research note on Friday, February 2nd. Piper Sandler reiterated a “neutral” rating and set a $85.00 target price on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. Finally, TheStreet downgraded MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $94.67.

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.