SG Americas Securities LLC Decreases Stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

SG Americas Securities LLC lessened its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 81.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,185 shares of the semiconductor company’s stock after selling 18,993 shares during the quarter. SG Americas Securities LLC’s holdings in MACOM Technology Solutions were worth $420,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MTSI. Elequin Capital LP purchased a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $26,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $35,000. Smartleaf Asset Management LLC lifted its position in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 138 shares during the last quarter. Versant Capital Management Inc lifted its position in MACOM Technology Solutions by 9,400.0% in the first quarter. Versant Capital Management Inc now owns 285 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 282 shares during the last quarter. Finally, AlphaQuest LLC bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $42,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Trading Up 0.9%

Shares of NASDAQ:MTSI opened at $139.84 on Wednesday. The stock has a market capitalization of $10.40 billion, a price-to-earnings ratio of -114.62, a PEG ratio of 2.67 and a beta of 1.40. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.86 and a current ratio of 3.56. The stock’s 50-day simple moving average is $119.27 and its two-hundred day simple moving average is $120.60. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.01. The business had revenue of $235.89 million for the quarter, compared to analysts’ expectations of $230.04 million. MACOM Technology Solutions had a positive return on equity of 13.32% and a negative net margin of 10.24%. The business’s revenue for the quarter was up 30.2% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. Analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insiders Place Their Bets

In other news, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $123.58, for a total transaction of $37,074,000.00. Following the transaction, the director now directly owns 4,377,764 shares of the company’s stock, valued at $541,004,075.12. The trade was a 6.41% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 6,471 shares of the business’s stock in a transaction that occurred on Wednesday, April 30th. The stock was sold at an average price of $100.00, for a total value of $647,100.00. Following the completion of the transaction, the senior vice president now directly owns 35,603 shares in the company, valued at approximately $3,560,300. This represents a 15.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 449,227 shares of company stock valued at $55,416,217. Insiders own 16.30% of the company’s stock.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of research reports. BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price objective for the company in a report on Wednesday, April 9th. Bank of America raised their price target on MACOM Technology Solutions from $140.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday. Barclays raised their price target on MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 9th. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a “buy” rating and a $125.00 price objective on the stock. Finally, Benchmark reaffirmed a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $133.50.

MACOM Technology Solutions 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.