Victory Capital Management Inc. Sells 47,346 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Victory Capital Management Inc. lessened its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The fund owned 639,279 shares of the semiconductor company’s stock after selling 47,346 shares during the period. Victory Capital Management Inc.’s holdings in MACOM Technology Solutions were worth $59,421,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. RiverPark Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the 3rd quarter worth about $58,000. Harvest Fund Management Co. Ltd acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $69,000. International Assets Investment Management LLC acquired a new position in shares of MACOM Technology Solutions during the 4th quarter worth about $156,000. Headlands Technologies LLC acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $144,000. Finally, EP Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions during the 3rd quarter worth about $208,000. Institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Stifel Nicolaus boosted their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Evercore ISI assumed coverage on MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 price objective for the company. Needham & Company LLC boosted their price objective on MACOM Technology Solutions from $100.00 to $110.00 and gave the stock a “buy” rating in a research report on Friday. Barclays boosted their price objective on MACOM Technology Solutions from $105.00 to $115.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, TheStreet cut MACOM Technology Solutions from a “b” rating to a “c+” rating in a research report on Thursday, February 1st. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $105.78.

Insider Transactions at MACOM Technology Solutions

In other news, CFO John Kober sold 12,892 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares of the company’s stock, valued at approximately $4,850,726.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CFO John Kober sold 12,892 shares of the stock in a transaction that occurred on Tuesday, February 6th. The stock was sold at an average price of $79.95, for a total value of $1,030,715.40. Following the completion of the transaction, the chief financial officer now directly owns 60,672 shares of the company’s stock, valued at approximately $4,850,726.40. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Wayne Mack Struble sold 1,019 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $86.12, for a total value of $87,756.28. Following the completion of the transaction, the senior vice president now directly owns 15,649 shares of the company’s stock, valued at $1,347,691.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 804,824 shares of company stock valued at $68,127,415. Corporate insiders own 22.75% of the company’s stock.

MACOM Technology Solutions Trading Up 3.9 %

MACOM Technology Solutions stock opened at $102.85 on Friday. The business has a 50 day moving average price of $96.16 and a two-hundred day moving average price of $88.28. The company has a quick ratio of 5.69, a current ratio of 7.34 and a debt-to-equity ratio of 0.47. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 116.88, a price-to-earnings-growth ratio of 6.52 and a beta of 1.65. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $48.53 and a 12 month high of $104.90.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, February 1st. The semiconductor company reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. MACOM Technology Solutions had a return on equity of 12.67% and a net margin of 10.01%. The firm had revenue of $157.15 million during the quarter, compared to analysts’ expectations of $151.12 million. As a group, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.02 EPS for the current 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.