American International Group Inc. Sells 3,010 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

American International Group Inc. trimmed its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSIFree Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 99,700 shares of the semiconductor company’s stock after selling 3,010 shares during the period. American International Group Inc. owned 0.14% of MACOM Technology Solutions worth $9,267,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Duality Advisers LP boosted its holdings in MACOM Technology Solutions by 5.9% in the fourth quarter. Duality Advisers LP now owns 2,727 shares of the semiconductor company’s stock worth $253,000 after purchasing an additional 152 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of MACOM Technology Solutions by 2.5% in the 4th quarter. New York State Teachers Retirement System now owns 8,226 shares of the semiconductor company’s stock valued at $765,000 after acquiring an additional 200 shares in the last quarter. RiverPark Advisors LLC raised its stake in shares of MACOM Technology Solutions by 29.1% in the 4th quarter. RiverPark Advisors LLC now owns 923 shares of the semiconductor company’s stock valued at $86,000 after acquiring an additional 208 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in MACOM Technology Solutions by 0.9% in the 4th quarter. Yousif Capital Management LLC now owns 25,085 shares of the semiconductor company’s stock worth $2,332,000 after purchasing an additional 215 shares during the last quarter. Finally, Texas Permanent School Fund Corp grew its holdings in MACOM Technology Solutions by 0.6% during the third quarter. Texas Permanent School Fund Corp now owns 45,820 shares of the semiconductor company’s stock valued at $3,738,000 after purchasing an additional 259 shares during the last quarter. 76.14% of the stock is owned by institutional investors.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $101.40 on Friday. The stock has a 50-day simple moving average of $100.79 and a 200 day simple moving average of $92.79. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 115.23, a P/E/G ratio of 5.18 and a beta of 1.67. The company has a quick ratio of 5.70, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $58.78 and a 12-month high of $107.00.

MACOM Technology Solutions (NASDAQ:MTSIGet Free Report) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.05). MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The company had revenue of $181.23 million during the quarter, compared to the consensus estimate of $180.97 million. On average, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.93 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, SVP Robert Dennehy sold 2,370 shares of MACOM Technology Solutions 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 completion of the sale, the senior vice president now directly owns 32,827 shares of the company’s stock, valued at approximately $2,917,663.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other MACOM Technology Solutions 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 transaction of $210,645.60. Following the transaction, the senior vice president now directly owns 32,827 shares in the company, valued at approximately $2,917,663.76. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO John Kober sold 13,666 shares of MACOM Technology Solutions stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the sale, the chief financial officer now owns 47,006 shares of the company’s stock, valued at approximately $4,840,677.88. The disclosure for this sale can be found here. Insiders sold 545,194 shares of company stock worth $55,938,043 in the last quarter. Insiders own 22.75% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on MTSI shares. Needham & Company LLC boosted their price objective on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, May 3rd. Barclays boosted their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Craig Hallum lifted their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Stifel Nicolaus increased their price target on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $135.00 price objective (up from $100.00) on shares of MACOM Technology Solutions in a report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $111.00.

Get Our Latest Stock Report on MTSI

About MACOM Technology Solutions

(Free Report)

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.

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Institutional Ownership by Quarter for MACOM Technology Solutions (NASDAQ:MTSI)

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