New York State Common Retirement Fund Sells 28,539 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

New York State Common Retirement Fund lessened its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 13.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 191,754 shares of the semiconductor company’s stock after selling 28,539 shares during the period. New York State Common Retirement Fund’s holdings in MACOM Technology Solutions were worth $17,824,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of MTSI. Principal Financial Group Inc. raised its position in shares of MACOM Technology Solutions by 139.9% during the 3rd quarter. Principal Financial Group Inc. now owns 494,621 shares of the semiconductor company’s stock valued at $40,351,000 after acquiring an additional 288,408 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of MACOM Technology Solutions by 29.0% during the 3rd quarter. Artisan Partners Limited Partnership now owns 1,128,382 shares of the semiconductor company’s stock valued at $92,053,000 after acquiring an additional 253,396 shares during the last quarter. Vanguard Group Inc. raised its position in shares of MACOM Technology Solutions by 1.8% during the 3rd quarter. Vanguard Group Inc. now owns 5,717,763 shares of the semiconductor company’s stock valued at $466,455,000 after acquiring an additional 101,938 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in shares of MACOM Technology Solutions by 20.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 515,461 shares of the semiconductor company’s stock valued at $42,051,000 after acquiring an additional 89,191 shares during the last quarter. Finally, Silverberg Bernstein Capital Management LLC bought a new stake in shares of MACOM Technology Solutions during the 4th quarter valued at $7,915,000. Institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of NASDAQ MTSI opened at $101.71 on Monday. The firm has a market cap of $7.33 billion, a PE ratio of 97.80, a PEG ratio of 6.44 and a beta of 1.64. The company has a current ratio of 7.24, a quick ratio of 5.69 and a debt-to-equity ratio of 0.48. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $48.53 and a 1-year high of $104.90. The company has a fifty day moving average price of $94.58 and a 200 day moving average price of $87.60.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 1st. The semiconductor company reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. MACOM Technology Solutions had a net margin of 11.93% and a return on equity of 14.85%. The firm had revenue of $157.15 million during 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.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. 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. TheStreet cut shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Stifel Nicolaus upped their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Needham & Company LLC upped their price objective on shares of 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 started coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price objective for the company. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $99.67.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 2,210 shares of the stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $83.79, for a total transaction of $185,175.90. Following the completion of the transaction, the senior vice president now directly owns 35,197 shares in the company, valued at approximately $2,949,156.63. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, SVP Donghyun Thomas Hwang sold 9,397 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $92.24, for a total value of $866,779.28. Following the sale, the senior vice president now directly owns 48,325 shares of the company’s stock, valued at approximately $4,457,498. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Robert Dennehy sold 2,210 shares of the company’s stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $83.79, for a total transaction of $185,175.90. Following the completion of the sale, the senior vice president now directly owns 35,197 shares in the company, valued at $2,949,156.63. The disclosure for this sale can be found here. Insiders sold a total of 804,824 shares of company stock worth $68,127,415 in the last three months. Insiders own 22.75% of the company’s stock.

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.