Capital Research Global Investors Has $166.67 Million Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Capital Research Global Investors decreased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,282,958 shares of the semiconductor company's stock after selling 47,042 shares during the period. Capital Research Global Investors owned approximately 1.73% of MACOM Technology Solutions worth $166,669,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sanctuary Advisors LLC acquired a new stake in shares of MACOM Technology Solutions in the 3rd quarter valued at about $230,000. Wilmington Savings Fund Society FSB acquired a new stake in MACOM Technology Solutions in the 3rd quarter valued at approximately $111,000. Tidal Investments LLC lifted its stake in MACOM Technology Solutions by 16.8% in the 3rd quarter. Tidal Investments LLC now owns 15,071 shares of the semiconductor company's stock valued at $1,677,000 after acquiring an additional 2,169 shares in the last quarter. Retirement Systems of Alabama boosted its position in MACOM Technology Solutions by 2.6% during the 3rd quarter. Retirement Systems of Alabama now owns 99,555 shares of the semiconductor company's stock worth $11,076,000 after acquiring an additional 2,517 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of MACOM Technology Solutions by 42.5% during the 4th quarter. GAMMA Investing LLC now owns 1,170 shares of the semiconductor company's stock worth $152,000 after acquiring an additional 349 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MTSI has been the subject of several recent research reports. Bank of America reduced their target price on shares of MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $105.00 to $140.00 in a research note on Monday, February 10th. Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Benchmark reiterated a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, BNP Paribas upgraded 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, April 9th. Two investment analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $127.92.

MACOM Technology Solutions Stock Performance

MTSI traded up $0.60 during trading hours on Friday, reaching $106.28. The company's stock had a trading volume of 324,201 shares, compared to its average volume of 661,417. The company's 50-day moving average is $104.75 and its 200-day moving average is $121.07. 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 market cap of $7.90 billion, a PE ratio of -73.81, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its 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%. On average, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Insider Activity

In other MACOM Technology Solutions news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $133.00, for a total value of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares in the company, valued at $5,806,381. The trade was a 14.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan Ocampo sold 45,773 shares of the 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 transaction, the director now owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. The trade was a 0.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is owned by 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.