MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp reduced its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 12.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,160 shares of the semiconductor company's stock after selling 5,100 shares during the quarter. Alberta Investment Management Corp's holdings in MACOM Technology Solutions were worth $4,568,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Westfield Capital Management Co. LP increased its holdings in MACOM Technology Solutions by 21.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock valued at $134,686,000 after acquiring an additional 210,151 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 4.8% during the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock worth $113,044,000 after buying an additional 46,812 shares in the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of MACOM Technology Solutions by 18.4% during the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after buying an additional 116,090 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of MACOM Technology Solutions by 0.5% during the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock worth $69,172,000 after buying an additional 2,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of MACOM Technology Solutions by 52.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company's stock worth $59,037,000 after buying an additional 182,058 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MTSI has been the subject of a number of recent research reports. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Piper Sandler lifted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Barclays lifted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Finally, Benchmark reissued a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $131.50.

MACOM Technology Solutions Trading Down 3.5 %

MTSI stock traded down $4.28 during midday trading on Friday, reaching $119.73. 352,272 shares of the company's stock traded hands, compared to its average volume of 740,402. The company has a market capitalization of $8.90 billion, a P/E ratio of -83.23, a PEG ratio of 2.42 and a beta of 1.71. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.21 and a fifty-two week high of $152.50. The business has a 50-day moving average price of $133.23 and a two-hundred day moving average price of $121.26.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued 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%. Equities research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Susan Ocampo sold 12,438 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the completion of the sale, the director now owns 6,500,755 shares in the company, valued at $888,848,231.15. The trade was a 0.19 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Ambra R. Roth sold 1,366 shares of the company's stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $139.07, for a total transaction of $189,969.62. Following the transaction, the senior vice president now owns 6,564 shares of the company's stock, valued at $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 662,473 shares of company stock worth $82,292,578. Insiders own 16.30% of the company's stock.

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.