Capital Research Global Investors Cuts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Capital Research Global Investors decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 3.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,282,958 shares of the semiconductor company’s stock after selling 47,042 shares during the quarter. Capital Research Global Investors owned about 1.73% of MACOM Technology Solutions worth $166,669,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MTSI. UMB Bank n.a. grew its stake in MACOM Technology Solutions by 74.3% in the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new position in MACOM Technology Solutions during the 4th quarter worth $33,000. SBI Securities Co. Ltd. bought a new stake in MACOM Technology Solutions during the 4th quarter valued at $35,000. ORG Wealth Partners LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter worth $36,000. Finally, Smartleaf Asset Management LLC grew its position in shares of MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company’s stock worth $36,000 after buying an additional 138 shares in the last quarter. Institutional investors own 76.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Bank of America dropped their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a “buy” rating on the stock in a report on Wednesday, April 16th. 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. Truist Financial initiated coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They issued a “buy” rating and a $125.00 price objective for the company. Northland Capmk upgraded MACOM Technology Solutions from a “hold” rating to a “strong-buy” rating in a report on Monday, February 10th. Finally, Northland Securities upgraded MACOM Technology Solutions from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.83.

Insider Buying and Selling

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 sale, the director now directly owns 4,689,225 shares of the company’s stock, valued at $581,839,038. This represents a 2.04 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the sale, the director now owns 14,031 shares in the company, valued at $1,706,309.91. The trade was a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock valued at $92,210,640 over the last quarter. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Stock Performance

Shares of MACOM Technology Solutions stock opened at $97.29 on Monday. The company has a 50 day moving average price of $106.97 and a 200 day moving average price of $121.56. The firm has a market capitalization of $7.23 billion, a P/E ratio of -67.56, a PEG ratio of 2.42 and a beta of 1.72. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI) last posted its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. Sell-side 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.