Nisa Investment Advisors LLC Has $80,000 Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Nisa Investment Advisors LLC trimmed its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 14.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 798 shares of the semiconductor company’s stock after selling 138 shares during the period. Nisa Investment Advisors LLC’s holdings in MACOM Technology Solutions were worth $80,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. New Mexico Educational Retirement Board increased its position in shares of MACOM Technology Solutions by 15.1% during the first quarter. New Mexico Educational Retirement Board now owns 12,200 shares of the semiconductor company’s stock valued at $1,225,000 after purchasing an additional 1,600 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in MACOM Technology Solutions by 2.3% during the first quarter. Linden Thomas Advisory Services LLC now owns 31,187 shares of the semiconductor company’s stock worth $3,131,000 after buying an additional 705 shares in the last quarter. EULAV Asset Management increased its holdings in MACOM Technology Solutions by 16.0% in the 1st quarter. EULAV Asset Management now owns 87,046 shares of the semiconductor company’s stock valued at $8,738,000 after buying an additional 12,000 shares during the period. Envestnet Asset Management Inc. increased its holdings in MACOM Technology Solutions by 11.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 98,208 shares of the semiconductor company’s stock valued at $9,858,000 after buying an additional 10,137 shares during the period. Finally, OneDigital Investment Advisors LLC increased its stake in MACOM Technology Solutions by 27.0% in the first quarter. OneDigital Investment Advisors LLC now owns 2,407 shares of the semiconductor company’s stock valued at $242,000 after acquiring an additional 511 shares during the period. Institutional investors own 76.14% of the company’s stock.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Robert Dennehy sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $140.42, for a total value of $702,100.00. Following the transaction, the senior vice president owned 15,680 shares of the company’s stock, valued at approximately $2,201,785.60. This represents a 24.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO John Kober sold 2,250 shares of the business’s stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $125.65, for a total value of $282,712.50. Following the completion of the sale, the chief financial officer owned 47,128 shares of the company’s stock, valued at $5,921,633.20. This trade represents a 4.56% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 454,227 shares of company stock worth $56,118,317. 16.30% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research analysts have issued reports on MTSI shares. Truist Financial increased their price objective on MACOM Technology Solutions from $136.00 to $154.00 and gave the stock a “buy” rating in a research note on Monday, July 7th. Bank of America increased their target price on shares of MACOM Technology Solutions from $140.00 to $160.00 and gave the stock a “buy” rating in a research report on Tuesday, June 24th. Barclays boosted their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Wall Street Zen lowered shares of MACOM Technology Solutions from a “buy” rating to a “hold” rating in a report on Saturday, July 12th. Finally, Stifel Nicolaus boosted their target price on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Friday. Three equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.90.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI opened at $142.11 on Friday. The firm has a market capitalization of $10.56 billion, a P/E ratio of -116.48, a price-to-earnings-growth ratio of 2.73 and a beta of 1.43. The company has a current ratio of 3.56, a quick ratio of 2.86 and a debt-to-equity ratio of 0.31. The firm’s fifty day moving average price is $131.46 and its two-hundred day moving average price is $121.19. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.01. The company had revenue of $235.89 million during 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 was up 30.2% on a year-over-year basis. During the same period last year, the firm posted $0.59 earnings per share. As a group, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.