MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Holdings Trimmed by Bank of Montreal Can

Bank of Montreal Can lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 99.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 20,885 shares of the semiconductor company's stock after selling 2,002,385 shares during the period. Bank of Montreal Can's holdings in MACOM Technology Solutions were worth $2,713,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MTSI. SBI Securities Co. Ltd. purchased a new stake in MACOM Technology Solutions during the 4th quarter worth $35,000. Geode Capital Management LLC increased its position 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 acquiring an additional 46,812 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock worth $69,157,000 after acquiring an additional 1,719 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in MACOM Technology Solutions by 22.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock valued at $12,756,000 after purchasing an additional 18,055 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its position in shares of MACOM Technology Solutions by 97.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MTSI has been the subject of a number of research analyst reports. Stifel Nicolaus dropped their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Northland Securities raised shares of 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 report on Monday, February 10th. Truist Financial assumed coverage on shares of MACOM Technology Solutions in a research note on Friday, April 11th. They issued a "buy" rating and a $125.00 target price on the stock. Barclays decreased their price target on MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating for the company in a research note on Tuesday. Finally, Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Two equities research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $127.92.

MACOM Technology Solutions Stock Performance

MTSI traded up $0.46 during trading on Tuesday, reaching $95.87. 506,683 shares of the company were exchanged, compared to its average volume of 660,357. 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 stock has a market cap of $7.13 billion, a P/E ratio of -66.58, a PEG ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 52 week low of $84.00 and a 52 week high of $152.50. The firm has a 50 day moving average of $105.91 and a 200 day moving average of $121.28.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The semiconductor company reported $0.40 EPS 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%. On average, sell-side analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Activity at MACOM Technology Solutions

In other news, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now directly owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. This represents a 32.17 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 97,527 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the completion of the transaction, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. This trade represents a 2.04 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 743,948 shares of company stock worth $92,210,640 in the last three months. 16.30% of the stock is owned by company insiders.

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.