Envestnet Portfolio Solutions Inc. decreased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI – Free Report) by 11.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,915 shares of the semiconductor company’s stock after selling 520 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in MACOM Technology Solutions were worth $364,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MTSI. RiverPark Advisors LLC purchased a new stake in MACOM Technology Solutions in the 3rd quarter worth $58,000. Harvest Fund Management Co. Ltd purchased a new stake in MACOM Technology Solutions in the 4th quarter worth $69,000. Headlands Technologies LLC purchased a new stake in MACOM Technology Solutions in the 3rd quarter worth $144,000. International Assets Investment Management LLC purchased a new stake in MACOM Technology Solutions in the 4th quarter worth $156,000. Finally, EP Wealth Advisors LLC purchased a new stake in MACOM Technology Solutions in the 3rd quarter worth $208,000. Hedge funds and other institutional investors own 76.14% of the company’s stock.
MACOM Technology Solutions Stock Performance
Shares of NASDAQ:MTSI opened at $101.43 on Friday. The company has a market capitalization of $7.31 billion, a price-to-earnings ratio of 115.26, a PEG ratio of 5.15 and a beta of 1.65. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $56.60 and a 12 month high of $107.00. The firm’s 50-day moving average is $99.17 and its 200 day moving average is $90.98. The company has a current ratio of 7.34, a quick ratio of 5.70 and a debt-to-equity ratio of 0.47.
MACOM Technology Solutions (NASDAQ:MTSI – Get Free Report) last issued its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported $0.40 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.05). The firm had revenue of $181.23 million for the quarter, compared to the consensus estimate of $180.97 million. MACOM Technology Solutions had a net margin of 10.01% and a return on equity of 12.67%. Research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 1.93 EPS for the current year.
Insiders Place Their Bets
In other MACOM Technology Solutions news, Director Susan Ocampo sold 34,186 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $88.00, for a total value of $3,008,368.00. Following the transaction, the director now directly owns 6,886,661 shares in the company, valued at approximately $606,026,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other MACOM Technology Solutions news, Director Susan Ocampo sold 34,186 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were sold at an average price of $88.00, for a total value of $3,008,368.00. Following the transaction, the director now directly owns 6,886,661 shares in the company, valued at approximately $606,026,168. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Kober sold 13,666 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $102.98, for a total transaction of $1,407,324.68. Following the transaction, the chief financial officer now owns 47,006 shares in the company, valued at $4,840,677.88. The disclosure for this sale can be found here. Insiders have sold 333,318 shares of company stock worth $33,344,055 in the last three months. Corporate insiders own 22.75% of the company’s stock.
Wall Street Analyst Weigh In
Several brokerages have commented on MTSI. TheStreet cut shares of MACOM Technology Solutions from a “b” rating to a “c+” rating in a research note on Thursday, February 1st. Stifel Nicolaus upped their target price on shares of MACOM Technology Solutions from $105.00 to $115.00 and gave the company a “buy” rating in a research report on Thursday, April 18th. Craig Hallum upped their target price on shares of MACOM Technology Solutions from $95.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Evercore ISI initiated coverage on shares of MACOM Technology Solutions in a research report on Tuesday, April 16th. They set an “outperform” rating and a $120.00 target price on the stock. Finally, Needham & Company LLC upped their target price on shares of MACOM Technology Solutions from $100.00 to $110.00 and gave the company a “buy” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, MACOM Technology Solutions presently has an average rating of “Moderate Buy” and an average price target of $111.00.
Check Out Our Latest Stock Analysis on MACOM Technology Solutions
MACOM Technology Solutions Company Profile
(Free Report)
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.
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