MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Global X Japan Co. Ltd.

Global X Japan Co. Ltd. reduced its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) by 15.1% during the 4th quarter, HoldingsChannel reports. The fund owned 5,871 shares of the semiconductor company’s stock after selling 1,043 shares during the period. Global X Japan Co. Ltd.’s holdings in MACOM Technology Solutions were worth $763,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. UMB Bank n.a. lifted its position 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 worth $31,000 after purchasing an additional 101 shares in the last quarter. EP Wealth Advisors LLC lifted its position in shares of MACOM Technology Solutions by 4.2% in the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company’s stock worth $302,000 after buying an additional 110 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 137 shares during the period. Avior Wealth Management LLC grew its stake in MACOM Technology Solutions by 3.4% during the 3rd quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company’s stock worth $534,000 after buying an additional 157 shares during the last quarter. Finally, Chartwell Investment Partners LLC increased its holdings in shares of MACOM Technology Solutions by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company’s stock worth $2,783,000 after acquiring an additional 199 shares during the period. 76.14% of the stock is owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Down 4.6 %

MACOM Technology Solutions stock opened at $129.50 on Friday. The firm has a market capitalization of $9.63 billion, a price-to-earnings ratio of 125.73, a P/E/G ratio of 2.32 and a beta of 1.71. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $79.53 and a 52 week high of $152.50. The company has a debt-to-equity ratio of 0.43, a quick ratio of 6.55 and a current ratio of 8.35. The company has a 50 day moving average price of $136.08 and a 200 day moving average price of $119.68.

MACOM Technology Solutions (NASDAQ:MTSI) last announced its quarterly earnings data 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 return on equity of 12.91% and a net margin of 10.53%. Research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current year.

Analyst Upgrades and Downgrades

MTSI has been the topic of a number of recent analyst reports. Benchmark lifted their price objective on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Piper Sandler increased their price target on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a “neutral” rating in a research note on Friday, October 25th. Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, November 8th. Finally, Northland Securities boosted their price target on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the stock a “market perform” rating in a research report on Monday, November 11th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, MACOM Technology Solutions currently has an average rating of “Moderate Buy” and a consensus price target of $128.00.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 105,782 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the transaction, the director now owns 5,914,008 shares of the company’s stock, valued at $731,385,369.36. This represents a 1.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Ambra R. Roth sold 1,366 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the completion of the transaction, the senior vice president now owns 6,564 shares of the company’s stock, valued at $912,855.48. The trade was a 17.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 218,532 shares of company stock worth $27,902,795. 16.30% of the stock is owned by corporate insiders.

MACOM Technology Solutions 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.