MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Cerity Partners LLC

Cerity Partners LLC lowered its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.9% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 20,247 shares of the semiconductor company’s stock after selling 601 shares during the quarter. Cerity Partners LLC’s holdings in MACOM Technology Solutions were worth $2,630,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of MTSI. UMB Bank n.a. increased its holdings in 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 purchasing an additional 101 shares during the last quarter. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions during the 4th quarter worth about $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions in the 4th quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC lifted its position in shares of 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 purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of MTSI opened at $99.16 on Tuesday. The company has a market capitalization of $7.37 billion, a price-to-earnings ratio of -68.86, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The firm has a 50-day simple moving average of $109.17 and a 200-day simple moving average of $121.87. 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 results on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.78 by ($0.38). MACOM Technology Solutions had a positive return on equity of 12.42% and a negative net margin of 13.05%. On average, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTSI. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. BNP Paribas upgraded MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target on the stock in a report on Wednesday, April 9th. Benchmark restated a “buy” rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Truist Financial began coverage on shares of MACOM Technology Solutions in a report on Friday. They issued a “buy” rating and a $125.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $131.25.

Insider Transactions at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 45,773 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the sale, the director now owns 5,509,746 shares of the company’s stock, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing 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 that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the sale, the senior vice president now owns 43,657 shares of the company’s stock, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 743,948 shares of company stock worth $92,210,640 over the last ninety days. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions 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.