Asset Management One Co. Ltd. Sells 717 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Asset Management One Co. Ltd. lessened its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 19.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,015 shares of the semiconductor company’s stock after selling 717 shares during the quarter. Asset Management One Co. Ltd.’s holdings in MACOM Technology Solutions were worth $285,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Silverberg Bernstein Capital Management LLC bought a new stake in MACOM Technology Solutions in the fourth quarter valued at about $7,915,000. Assenagon Asset Management S.A. acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $2,582,000. Pacer Advisors Inc. raised its position in shares of MACOM Technology Solutions by 57.7% during the fourth quarter. Pacer Advisors Inc. now owns 13,872 shares of the semiconductor company’s stock worth $1,289,000 after purchasing an additional 5,078 shares during the period. Raymond James & Associates raised its position in shares of MACOM Technology Solutions by 2.9% during the fourth quarter. Raymond James & Associates now owns 36,837 shares of the semiconductor company’s stock worth $3,424,000 after purchasing an additional 1,054 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of MACOM Technology Solutions by 53.6% during the fourth quarter. SG Americas Securities LLC now owns 30,950 shares of the semiconductor company’s stock worth $2,877,000 after purchasing an additional 10,804 shares during the period. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Stock Down 4.0 %

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

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.43. The firm had revenue of $157.15 million during the quarter, compared to the consensus estimate of $151.12 million. MACOM Technology Solutions had a return on equity of 14.85% and a net margin of 11.93%. On average, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.02 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, SVP Robert Dennehy sold 2,370 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the completion of the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at $2,917,663.76. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Donghyun Thomas Hwang sold 6,234 shares of MACOM Technology Solutions stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $87.77, for a total transaction of $547,158.18. Following the completion of the transaction, the senior vice president now directly owns 57,722 shares in the company, valued at approximately $5,066,259.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $88.88, for a total value of $210,645.60. Following the transaction, the senior vice president now owns 32,827 shares of the company’s stock, valued at $2,917,663.76. The disclosure for this sale can be found here. Insiders sold a total of 811,058 shares of company stock worth $68,674,574 over the last ninety days. 22.75% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MTSI has been the topic of a number of research analyst reports. TheStreet lowered MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Piper Sandler reaffirmed a “neutral” rating and set a $85.00 price target on shares of MACOM Technology Solutions in a research report on Thursday, January 4th. 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 report on Tuesday, January 2nd. 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 report on Friday, February 2nd. Finally, Barclays increased their price objective on MACOM Technology Solutions from $80.00 to $105.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. Two 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 has a consensus rating of “Moderate Buy” and an average target price of $94.67.

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.