MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Holdings Decreased by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership lowered its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 7.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,713,457 shares of the semiconductor company’s stock after selling 227,106 shares during the quarter. Artisan Partners Limited Partnership’s holdings in MACOM Technology Solutions were worth $352,505,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTSI. Vanguard Group Inc. boosted its holdings in shares of MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company’s stock valued at $846,656,000 after acquiring an additional 368,979 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of MACOM Technology Solutions by 52.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company’s stock valued at $59,037,000 after purchasing an additional 182,058 shares during the period. 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 valued at $82,945,000 after purchasing an additional 116,090 shares during the period. Cinctive Capital Management LP raised its stake in shares of MACOM Technology Solutions by 744.5% in the 3rd quarter. Cinctive Capital Management LP now owns 88,608 shares of the semiconductor company’s stock worth $9,859,000 after buying an additional 78,116 shares in the last quarter. Finally, EULAV Asset Management acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at $9,749,000. Institutional investors own 76.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Northland Securities raised MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Benchmark reaffirmed a “buy” rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $131.50.

MACOM Technology Solutions Trading Down 5.9 %

MACOM Technology Solutions stock opened at $105.65 on Thursday. The company has a 50 day moving average price of $121.07 and a 200 day moving average price of $122.51. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $90.01 and a 52 week high of $152.50. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The firm has a market capitalization of $7.85 billion, a price-to-earnings ratio of -73.37, a P/E/G ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI) last issued its 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%. Research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Buying and Selling at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 2,250 shares of the business’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the transaction, the chief financial officer now owns 49,239 shares in the company, valued at $6,405,501.51. The trade was a 4.37 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the company’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the transaction, the senior vice president now directly owns 43,657 shares in the company, 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 746,198 shares of company stock valued at $92,503,343 in the last 90 days. 16.30% of the stock is currently owned by corporate insiders.

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.