Css LLC Il Sells 40,750,003 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Css LLC Il lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 99.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,997 shares of the semiconductor company’s stock after selling 40,750,003 shares during the period. MACOM Technology Solutions comprises approximately 1.3% of Css LLC Il’s holdings, making the stock its 12th largest holding. Css LLC Il owned about 0.31% of MACOM Technology Solutions worth $29,489,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. increased its holdings in shares of MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 101 shares during the period. Empowered Funds LLC bought a new stake in MACOM Technology Solutions during the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. purchased a new position in MACOM Technology Solutions in the fourth quarter valued at about $35,000. Smartleaf Asset Management LLC raised its holdings in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 138 shares in the last quarter. Finally, AlphaQuest LLC bought a new position in MACOM Technology Solutions in the fourth quarter worth about $42,000. 76.14% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MTSI. Barclays raised their price target on shares of MACOM Technology Solutions from $125.00 to $150.00 and gave the company an “overweight” rating in a report on Friday, May 9th. BNP Paribas upgraded shares of MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 target price for the company in a research note on Wednesday, April 9th. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Stifel Nicolaus decreased their price objective on MACOM Technology Solutions from $150.00 to $120.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Finally, Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $105.00 to $140.00 in a research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $130.50.

Insiders Place Their Bets

In related news, SVP Donghyun Thomas Hwang sold 4,944 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $118.59, for a total transaction of $586,308.96. Following the completion of the transaction, the senior vice president now owns 30,659 shares of the company’s stock, valued at $3,635,850.81. This trade represents a 13.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Susan Ocampo sold 4,694 shares of the business’s stock in a transaction on Friday, May 16th. The shares were sold at an average price of $123.50, for a total transaction of $579,709.00. Following the transaction, the director now owns 4,223,070 shares of the company’s stock, valued at $521,549,145. This represents a 0.11% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 413,638 shares of company stock valued at $50,988,500. 16.30% of the stock is owned by insiders.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $123.51 on Wednesday. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. The company’s fifty day moving average price is $106.15 and its 200-day moving average price is $121.15. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50. The firm has a market capitalization of $9.18 billion, a PE ratio of -85.77, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, May 8th. The semiconductor company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.01. MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. The business had revenue of $235.89 million for the quarter, compared to the consensus estimate of $230.04 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s quarterly revenue was up 30.2% compared to the same quarter last year. On average, equities research analysts predict 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.