Cinctive Capital Management LP Sells 53,557 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Cinctive Capital Management LP decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 60.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,051 shares of the semiconductor company's stock after selling 53,557 shares during the quarter. Cinctive Capital Management LP's holdings in MACOM Technology Solutions were worth $4,553,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Bryce Point Capital LLC bought a new stake in MACOM Technology Solutions during the 4th quarter valued at approximately $1,492,000. Massachusetts Financial Services Co. MA acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter worth $31,260,000. Geode Capital Management LLC increased its position in MACOM Technology Solutions by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 1,022,565 shares of the semiconductor company's stock worth $132,882,000 after acquiring an additional 6,784 shares during the period. Wellington Management Group LLP acquired a new position in MACOM Technology Solutions during the 4th quarter valued at $14,645,000. Finally, Arrowstreet Capital Limited Partnership bought a new stake in MACOM Technology Solutions in the 4th quarter valued at $2,461,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

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Insider Activity

In other news, Director Susan Ocampo sold 300,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $124.13, for a total transaction of $37,239,000.00. Following the sale, the director now directly owns 4,823,636 shares of the company's stock, valued at $598,757,936.68. This represents a 5.86 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the sale, the senior vice president now directly owns 43,657 shares of the company's stock, valued at approximately $5,806,381. This represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 743,948 shares of company stock worth $92,210,640. 16.30% of the stock is owned by corporate insiders.

MACOM Technology Solutions Price Performance

Shares of NASDAQ:MTSI traded up $2.69 on Tuesday, hitting $92.51. The stock had a trading volume of 200,534 shares, compared to its average volume of 642,148. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of -64.28, a price-to-earnings-growth ratio of 2.42 and a beta of 1.72. The firm's 50 day moving average price is $113.77 and its 200-day moving average price is $122.47. 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 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 results on Thursday, February 6th. The semiconductor company reported $0.40 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 research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.