Federated Hermes Inc. Sells 675 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Federated Hermes Inc. reduced its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 10.1% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 6,028 shares of the semiconductor company’s stock after selling 675 shares during the quarter. Federated Hermes Inc.’s holdings in MACOM Technology Solutions were worth $560,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Avior Wealth Management LLC bought a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $307,000. Strs Ohio lifted its holdings in MACOM Technology Solutions by 9.8% during the fourth quarter. Strs Ohio now owns 5,600 shares of the semiconductor company’s stock worth $520,000 after acquiring an additional 500 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in MACOM Technology Solutions in the fourth quarter valued at about $1,413,000. WCM Investment Management LLC increased its holdings in shares of MACOM Technology Solutions by 10.0% in the fourth quarter. WCM Investment Management LLC now owns 191,424 shares of the semiconductor company’s stock worth $18,082,000 after acquiring an additional 17,429 shares in the last quarter. Finally, Cerity Partners LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $304,000. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Trading Up 3.9 %

Shares of NASDAQ:MTSI opened at $102.85 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 company has a 50-day simple moving average of $96.16 and a 200 day simple moving average of $88.22. The company has a market capitalization of $7.41 billion, a P/E ratio of 98.89, a price-to-earnings-growth ratio of 6.30 and a beta of 1.65. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $48.53 and a 52-week high of $104.90.

MACOM Technology Solutions (NASDAQ:MTSI) last posted 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 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 analyst estimates of $151.12 million. Sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.01 earnings per share for the current year.

Insider Transactions at MACOM Technology Solutions

In related news, SVP Robert Dennehy sold 2,370 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were 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 in the company, valued at approximately $2,917,663.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, SVP Wayne Mack Struble sold 1,019 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the completion of the sale, the senior vice president now directly owns 15,649 shares in the company, valued at approximately $1,347,691.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Robert Dennehy sold 2,370 shares of the stock in a transaction 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 in the company, valued at approximately $2,917,663.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 804,824 shares of company stock worth $68,127,415. 22.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have commented on MTSI shares. Stifel Nicolaus raised their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a report on Thursday, April 18th. Barclays raised their price objective on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a report on Friday. Needham & Company LLC increased their target price on MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a report on Friday. Evercore ISI began coverage on MACOM Technology Solutions in a report on Tuesday, April 16th. They issued an “outperform” rating and a $120.00 price target on the stock. Finally, Craig Hallum increased their price objective on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and an average target price of $105.78.

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.