MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 4.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 33,369 shares of the semiconductor company’s stock after selling 1,631 shares during the period. Mutual of America Capital Management LLC’s holdings in MACOM Technology Solutions were worth $3,102,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 1.8% during the third 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 during the last quarter. Burney Co. acquired a new position in MACOM Technology Solutions in the third quarter valued at $1,318,000. Penserra Capital Management LLC boosted its holdings in MACOM Technology Solutions by 84.3% in the third quarter. Penserra Capital Management LLC now owns 95,114 shares of the semiconductor company’s stock valued at $7,759,000 after acquiring an additional 43,494 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in MACOM Technology Solutions by 12.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 440,481 shares of the semiconductor company’s stock valued at $35,934,000 after acquiring an additional 47,932 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in MACOM Technology Solutions in the fourth quarter valued at $2,582,000. Institutional investors and hedge funds own 76.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a report on Thursday, February 1st. Barclays lifted their target price on MACOM Technology Solutions from $80.00 to $105.00 and gave the company an “overweight” rating in a report on Tuesday, January 16th. Piper Sandler reiterated a “neutral” rating and issued a $85.00 target price on shares of MACOM Technology Solutions in a report on Thursday, January 4th. Needham & Company LLC raised their price objective on MACOM Technology Solutions from $84.00 to $100.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, Evercore ISI initiated coverage on MACOM Technology Solutions in a research report on Tuesday. They issued an “outperform” rating and a $120.00 price objective on the stock. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $98.56.

Insider Transactions at MACOM Technology Solutions

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 transaction 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 filing with the SEC, which can be accessed 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 transaction 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 filing with the SEC, which can be accessed through this hyperlink. Also, SVP Wayne Mack Struble sold 1,019 shares of MACOM Technology Solutions stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the sale, the senior vice president now directly owns 15,649 shares in the company, valued at $1,347,691.88. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 811,058 shares of company stock valued at $68,674,574. 22.75% of the stock is currently owned by insiders.

MACOM Technology Solutions Trading Down 3.5 %

NASDAQ:MTSI opened at $96.39 on Thursday. The business’s 50-day moving average is $92.74 and its two-hundred day moving average is $86.75. The company has a debt-to-equity ratio of 0.48, a current ratio of 7.24 and a quick ratio of 5.69. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $48.53 and a 12 month high of $104.90. The firm has a market capitalization of $6.95 billion, a PE ratio of 92.68, a price-to-earnings-growth ratio of 6.18 and a beta of 1.64.

MACOM Technology Solutions (NASDAQ:MTSI) last released 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 company had revenue of $157.15 million for the quarter, compared to analyst estimates of $151.12 million. Research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.02 earnings per share for the current fiscal year.

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.