California Public Employees Retirement System Sells 116,400 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

California Public Employees Retirement System trimmed its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 57.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 84,506 shares of the semiconductor company's stock after selling 116,400 shares during the quarter. California Public Employees Retirement System owned 0.11% of MACOM Technology Solutions worth $10,978,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC acquired a new stake in MACOM Technology Solutions in the fourth quarter valued at approximately $33,000. SBI Securities Co. Ltd. bought a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $35,000. ORG Wealth Partners LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter worth $36,000. Finally, Smartleaf Asset Management LLC increased its holdings in shares of MACOM Technology Solutions by 97.2% during the fourth 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. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other MACOM Technology Solutions news, Director Susan Ocampo sold 45,773 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the sale, the director now directly owns 5,509,746 shares of the company's stock, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the sale, the director now owns 14,031 shares of the company's stock, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock worth $92,210,640 over the last three months. 16.30% of the stock is currently owned by insiders.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Truist Financial began coverage on MACOM Technology Solutions in a report on Friday. They issued a "buy" rating and a $125.00 target price for the company. 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 report on Monday, February 10th. BNP Paribas raised shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price target for the company in a research note on Wednesday. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $131.25.

MACOM Technology Solutions Stock Down 1.5 %

NASDAQ:MTSI traded down $1.45 during trading hours on Friday, reaching $97.82. The company had a trading volume of 1,297,603 shares, compared to its average volume of 657,829. The firm has a market cap of $7.27 billion, a price-to-earnings ratio of -67.93, a P/E/G ratio of 2.42 and a beta of 1.72. The business's 50-day simple moving average is $109.91 and its two-hundred day simple moving average is $121.90. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $84.00 and a twelve month high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data 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 negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share 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.