Kennedy Capital Management LLC Reduces Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Kennedy Capital Management LLC cut its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 1.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,616 shares of the semiconductor company’s stock after selling 735 shares during the period. Kennedy Capital Management LLC’s holdings in MACOM Technology Solutions were worth $7,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MTSI. UMB Bank n.a. boosted its stake in shares of MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new stake in shares of MACOM Technology Solutions during the 4th quarter worth about $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter worth about $35,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $36,000. Finally, Smartleaf Asset Management LLC raised its position 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 valued at $36,000 after buying an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 76.14% of the company’s stock.

MACOM Technology Solutions Price Performance

MTSI opened at $97.82 on Friday. The company has a 50 day moving average of $109.91 and a two-hundred day moving average of $121.90. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $84.00 and a 52-week high of $152.50. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The company has a market cap of $7.27 billion, a P/E ratio of -67.93, a P/E/G ratio of 2.42 and a beta of 1.72.

MACOM Technology Solutions (NASDAQ:MTSI) last announced 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 negative net margin of 13.05% and a positive return on equity of 12.42%. On average, analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

Insider Activity

In other news, Director Susan Ocampo sold 97,527 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total value of $12,101,150.16. Following the completion of the transaction, the director now directly owns 4,689,225 shares in the company, valued at approximately $581,839,038. This represents a 2.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Geoffrey G. Ribar sold 6,656 shares of the firm’s 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 sale, 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 743,948 shares of company stock worth $92,210,640. 16.30% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research firms have commented on MTSI. Northland Capmk raised shares of MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 10th. Benchmark restated a “buy” rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities raised shares of MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Truist Financial started coverage on shares of MACOM Technology Solutions in a research report on Friday. They issued a “buy” rating and a $125.00 target price on the stock. Finally, BNP Paribas raised shares of 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. Two research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, MACOM Technology Solutions has an average rating of “Moderate Buy” and a consensus target price of $131.25.

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.