Polymer Capital Management HK LTD Sells 5,102 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Polymer Capital Management HK LTD reduced its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 34.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 9,898 shares of the semiconductor company’s stock after selling 5,102 shares during the quarter. Polymer Capital Management HK LTD’s holdings in MACOM Technology Solutions were worth $1,286,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its position in MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions during the 4th quarter valued at approximately $35,000. ORG Wealth Partners LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC grew its holdings in MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 138 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now directly owns 14,031 shares of the company’s stock, valued at $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at approximately $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 743,948 shares of company stock worth $92,210,640 over the last three months. Company insiders own 16.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MTSI shares. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark restated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $131.50.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI opened at $89.66 on Friday. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of -62.26, a PEG ratio of 2.42 and a beta of 1.74. The company has a 50-day moving average of $114.42 and a 200-day moving average of $122.42. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.10 and a 52 week high of $152.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal 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.