EP Wealth Advisors LLC Has $253,000 Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

EP Wealth Advisors LLC cut its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 28.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,947 shares of the semiconductor company’s stock after selling 765 shares during the period. EP Wealth Advisors LLC’s holdings in MACOM Technology Solutions were worth $253,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MTSI. UMB Bank n.a. lifted its position in MACOM Technology Solutions by 74.3% during the fourth 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 stake in MACOM Technology Solutions during the fourth quarter worth approximately $33,000. SBI Securities Co. Ltd. acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $35,000. Smartleaf Asset Management LLC lifted its position in MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 138 shares during the last quarter. Finally, AlphaQuest LLC acquired a new stake in MACOM Technology Solutions during the fourth quarter worth approximately $42,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 300,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total value of $37,239,000.00. Following the transaction, the director now owns 4,823,636 shares in the company, valued at $598,757,936.68. The trade was a 5.86% decrease in their ownership of the stock. 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 on Wednesday, April 30th. The shares were sold at an average price of $100.00, for a total transaction of $647,100.00. Following the completion of the transaction, the senior vice president now owns 35,603 shares in the company, valued at approximately $3,560,300. The trade was a 15.38% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 695,579 shares of company stock worth $85,918,753 over the last quarter. Company insiders own 16.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on MTSI shares. Bank of America cut their price objective on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating for the company in a research report on Wednesday, April 16th. Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Friday, May 9th. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a research report on Friday, April 11th. They issued a “buy” rating and a $125.00 price target for the company. Finally, Stifel Nicolaus dropped their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a research report on Thursday, April 17th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and an average target price of $130.50.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $123.25 on Wednesday. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The stock has a market cap of $9.16 billion, a price-to-earnings ratio of -85.59, a P/E/G ratio of 2.42 and a beta of 1.36. The company’s fifty day moving average is $104.07 and its 200 day moving average is $120.90.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings data on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. The company had revenue of $235.89 million for the quarter, compared to analysts’ expectations of $230.04 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. MACOM Technology Solutions’s revenue for the quarter was up 30.2% on a year-over-year basis. Sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS 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.