Quantbot Technologies LP Sells 6,617 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Quantbot Technologies LP decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 38.9% during the 4th quarter, Holdings Channel reports. The firm owned 10,381 shares of the semiconductor company’s stock after selling 6,617 shares during the period. Quantbot Technologies LP’s holdings in MACOM Technology Solutions were worth $1,349,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MTSI. UMB Bank n.a. boosted 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 valued at $31,000 after buying an additional 101 shares during the period. Empowered Funds LLC purchased a new position in shares of MACOM Technology Solutions in the fourth quarter valued at about $33,000. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at about $35,000. ORG Wealth Partners LLC purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $36,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of 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 during the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on the company. Northland Capmk raised MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 10th. Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their target price for the company from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Benchmark reiterated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two investment 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, MACOM Technology Solutions currently has a consensus rating of “Moderate Buy” and a consensus target price of $131.50.

Insider Activity

In other MACOM Technology Solutions news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the transaction, the director now directly owns 14,031 shares of the company’s stock, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the 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 in the company, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 746,198 shares of company stock worth $92,503,343. Insiders own 16.30% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI opened at $112.84 on Tuesday. 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 company has a market cap of $8.39 billion, a price-to-earnings ratio of -78.36, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The stock has a fifty day simple moving average of $122.25 and a two-hundred day simple moving average of $122.51. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $90.01 and a 12-month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (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%. Research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

About MACOM Technology Solutions

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.