MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stake Trimmed by US Bancorp DE

US Bancorp DE lowered its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 65.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,677 shares of the semiconductor company’s stock after selling 3,129 shares during the quarter. US Bancorp DE’s holdings in MACOM Technology Solutions were worth $168,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MTSI. LPL Financial LLC grew its stake in MACOM Technology Solutions by 57.2% during the 4th quarter. LPL Financial LLC now owns 6,636 shares of the semiconductor company’s stock valued at $862,000 after acquiring an additional 2,415 shares in the last quarter. Russell Investments Group Ltd. grew its stake in MACOM Technology Solutions by 1.4% during the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company’s stock valued at $930,000 after acquiring an additional 100 shares in the last quarter. Raymond James Financial Inc. purchased a new position in MACOM Technology Solutions during the 4th quarter valued at about $8,630,000. Mariner LLC grew its stake in MACOM Technology Solutions by 8.0% during the 4th quarter. Mariner LLC now owns 10,934 shares of the semiconductor company’s stock valued at $1,420,000 after acquiring an additional 810 shares in the last quarter. Finally, Marshall Wace LLP purchased a new position in MACOM Technology Solutions during the 4th quarter valued at about $387,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

MTSI has been the topic of a number of research reports. Barclays increased their price objective on MACOM Technology Solutions from $125.00 to $150.00 and gave the stock an “overweight” rating in a report on Friday, May 9th. Benchmark restated a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Friday, May 9th. Stifel Nicolaus increased their price objective on MACOM Technology Solutions from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, July 18th. 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 report on Monday, July 7th. Finally, Bank of America increased 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, June 24th. One equities research analyst has rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $146.13.

MACOM Technology Solutions Stock Performance

MACOM Technology Solutions stock opened at $123.09 on Friday. The stock has a market capitalization of $9.17 billion, a price-to-earnings ratio of -121.87, a P/E/G ratio of 2.36 and a beta of 1.38. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $84.00 and a 12-month high of $152.50. The company has a quick ratio of 3.10, a current ratio of 3.83 and a debt-to-equity ratio of 0.32. The stock has a 50-day simple moving average of $135.39 and a 200 day simple moving average of $120.61.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data on Thursday, August 7th. The semiconductor company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.01. The firm had revenue of $252.08 million during the quarter, compared to analysts’ expectations of $249.89 million. MACOM Technology Solutions had a positive return on equity of 14.02% and a negative net margin of 7.71%. The company’s quarterly revenue was up 32.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.66 EPS. On average, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the company’s stock in a transaction that occurred on Thursday, May 29th. The stock was sold at an average price of $125.65, for a total transaction of $282,712.50. Following the completion of the transaction, the chief financial officer owned 47,128 shares of the company’s stock, valued at $5,921,633.20. This represents a 4.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Stephen G. Daly sold 14,665 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $122.71, for a total value of $1,799,542.15. Following the transaction, the chief executive officer directly owned 36,327 shares of the company’s stock, valued at approximately $4,457,686.17. This trade represents a 28.76% decrease in their position. The disclosure for this sale can be found here. Insiders sold 144,118 shares of company stock worth $18,041,599 in the last three months. 16.30% of the stock is owned by corporate insiders.

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.