MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Frontier Capital Management Co. LLC

Frontier Capital Management Co. LLC cut its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 0.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 102,790 shares of the semiconductor company’s stock after selling 210 shares during the quarter. Frontier Capital Management Co. LLC’s holdings in MACOM Technology Solutions were worth $13,353,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. D. E. Shaw & Co. Inc. raised its position in MACOM Technology Solutions by 37.2% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 163,565 shares of the semiconductor company’s stock worth $21,249,000 after buying an additional 44,381 shares during the last quarter. Corton Capital Inc. purchased a new position in MACOM Technology Solutions during the fourth quarter worth about $338,000. Crestline Management LP raised its holdings in MACOM Technology Solutions by 16.5% during the fourth quarter. Crestline Management LP now owns 43,051 shares of the semiconductor company’s stock worth $5,593,000 after purchasing an additional 6,085 shares in the last quarter. Cubist Systematic Strategies LLC boosted its holdings in MACOM Technology Solutions by 16.3% in the 4th quarter. Cubist Systematic Strategies LLC now owns 52,318 shares of the semiconductor company’s stock valued at $6,797,000 after purchasing an additional 7,315 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in MACOM Technology Solutions during the 4th quarter worth approximately $323,000. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MTSI. Barclays decreased their price target on MACOM Technology Solutions from $160.00 to $125.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 22nd. Bank of America decreased their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a research report on Wednesday, April 16th. Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Truist Financial assumed coverage on MACOM Technology Solutions in a research note on Friday, April 11th. They issued a “buy” rating and a $125.00 target price on the stock. Finally, BNP Paribas raised MACOM Technology Solutions from a “neutral” rating to an “outperform” rating and set a $135.00 price target for the company in a research report on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and an average target price of $128.64.

Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the transaction, the director now directly owns 14,031 shares in the company, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Susan Ocampo sold 45,773 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the sale, the director now directly owns 5,509,746 shares of the company’s stock, valued at $690,646,661.10. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 743,064 shares of company stock valued at $91,879,525. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Price Performance

Shares of MTSI stock opened at $119.69 on Friday. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50. The company has a market capitalization of $8.90 billion, a PE ratio of -83.11, a price-to-earnings-growth ratio of 2.42 and a beta of 1.36. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The firm has a fifty day simple moving average of $103.30 and a 200-day simple moving average of $120.78.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. 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 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.