Securian Asset Management Inc. Has $569,000 Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Securian Asset Management Inc. lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 2.5% in the fourth quarter, HoldingsChannel reports. The firm owned 4,378 shares of the semiconductor company’s stock after selling 112 shares during the period. Securian Asset Management Inc.’s holdings in MACOM Technology Solutions were worth $569,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Westfield Capital Management Co. LP increased its position in shares of MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company’s stock worth $134,686,000 after purchasing an additional 210,151 shares in the last quarter. Geode Capital Management LLC increased its position in shares of MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company’s stock worth $113,044,000 after purchasing an additional 46,812 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company’s stock worth $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Jennison Associates LLC increased its position in shares of MACOM Technology Solutions by 0.5% during the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company’s stock worth $69,172,000 after purchasing an additional 2,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of MACOM Technology Solutions by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company’s stock worth $69,157,000 after purchasing an additional 1,719 shares in the last quarter. Institutional investors and hedge funds own 76.14% of the company’s stock.

Insider Activity

In related news, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions stock in a transaction that occurred 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 owns 14,031 shares of the company’s stock, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the transaction, the senior vice president now directly owns 43,657 shares in the company, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 746,198 shares of company stock valued at $92,503,343. 16.30% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. 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. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Finally, Benchmark reissued a “buy” rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $131.50.

MACOM Technology Solutions Stock Up 4.7 %

Shares of NASDAQ MTSI opened at $109.07 on Monday. The firm has a market capitalization of $8.11 billion, a PE ratio of -75.74, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $88.32 and a 1 year high of $152.50. The firm’s 50-day moving average is $125.32 and its 200-day moving average is $122.29.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its 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 negative net margin of 13.05% and a positive return on equity of 12.42%. Equities analysts expect 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.