SG Americas Securities LLC lowered its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 30.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,635 shares of the semiconductor company’s stock after selling 3,337 shares during the quarter. SG Americas Securities LLC’s holdings in MACOM Technology Solutions were worth $851,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of MACOM Technology Solutions by 1,533.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,234,684 shares of the semiconductor company’s stock worth $114,765,000 after acquiring an additional 1,159,076 shares in the last quarter. Norges Bank acquired a new position in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $44,250,000. Vanguard Group Inc. boosted its stake in shares of MACOM Technology Solutions by 8.1% during the 1st quarter. Vanguard Group Inc. now owns 6,194,008 shares of the semiconductor company’s stock valued at $592,395,000 after buying an additional 465,759 shares during the last quarter. Westfield Capital Management Co. LP acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth approximately $42,762,000. Finally, Hood River Capital Management LLC bought a new stake in shares of MACOM Technology Solutions in the first quarter worth $17,715,000. 76.14% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In other MACOM Technology Solutions news, Director Susan Ocampo sold 131,187 shares of MACOM Technology Solutions stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $102.53, for a total transaction of $13,450,603.11. Following the sale, the director now owns 7,161,709 shares of the company’s stock, valued at approximately $734,290,023.77. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Donghyun Thomas Hwang sold 5,000 shares of the stock in a transaction that occurred on Monday, July 22nd. The shares were sold at an average price of $106.25, for a total value of $531,250.00. Following the completion of the transaction, the senior vice president now directly owns 41,523 shares in the company, valued at $4,411,818.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan Ocampo sold 131,187 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $102.53, for a total value of $13,450,603.11. Following the sale, the director now directly owns 7,161,709 shares in the company, valued at approximately $734,290,023.77. The disclosure for this sale can be found here. Insiders sold 528,678 shares of company stock valued at $54,414,956 in the last three months. 22.75% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research analysts have commented on MTSI shares. JPMorgan Chase & Co. increased their price objective on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Barclays lifted their price target on MACOM Technology Solutions from $115.00 to $120.00 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Stifel Nicolaus upped their price objective on MACOM Technology Solutions from $115.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Craig Hallum lifted their target price on MACOM Technology Solutions from $95.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, May 3rd. Finally, Jefferies Financial Group reissued a “buy” rating and set a $135.00 price target (up from $100.00) on shares of MACOM Technology Solutions in a research report on Monday, May 13th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $117.00.
Check Out Our Latest Research Report on MTSI
MACOM Technology Solutions Stock Performance
Shares of MTSI opened at $106.31 on Friday. The firm has a fifty day moving average of $105.89 and a 200-day moving average of $99.00. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 120.81, a price-to-earnings-growth ratio of 5.09 and a beta of 1.69. The company has a debt-to-equity ratio of 0.45, a quick ratio of 5.70 and a current ratio of 8.18. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $68.58 and a 1 year high of $118.76.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $190.42 million. During the same period last year, the firm posted $0.42 EPS. MACOM Technology Solutions’s quarterly revenue was up 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 1.92 earnings per share for the current year.
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.
Further Reading
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