Alliancebernstein L.P. Cuts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Alliancebernstein L.P. cut its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 12.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,434,568 shares of the semiconductor company's stock after selling 202,815 shares during the quarter. Alliancebernstein L.P. owned 1.93% of MACOM Technology Solutions worth $186,365,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UMB Bank n.a. grew its position 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 valued at $31,000 after acquiring an additional 101 shares in the last quarter. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $35,000. ORG Wealth Partners LLC purchased a new stake in MACOM Technology Solutions during the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC lifted its holdings in 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. Hedge funds and other institutional investors own 76.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on MTSI shares. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Two 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $131.50.

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Insider Activity at MACOM Technology Solutions

In other MACOM Technology Solutions news, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction on Monday, February 10th. The shares were sold at an average price of $125.35, for a total value of $5,737,645.55. Following the transaction, the director now directly owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the sale, the senior vice president now owns 43,657 shares of the company's stock, valued at $5,806,381. This trade represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 743,948 shares of company stock valued at $92,210,640 in the last three months. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Stock Down 11.2 %

MTSI stock traded down $11.61 during trading on Thursday, hitting $92.17. 827,679 shares of the company's stock were exchanged, compared to its average volume of 640,149. The stock has a market capitalization of $6.85 billion, a price-to-earnings ratio of -64.01, a PEG ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $90.01 and a 52-week high of $152.50. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average price of $115.51 and a two-hundred day moving average price of $122.36.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

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.