Corebridge Financial Inc. Sells 2,757 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Corebridge Financial Inc. lessened its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,524 shares of the semiconductor company's stock after selling 2,757 shares during the period. Corebridge Financial Inc. owned approximately 0.09% of MACOM Technology Solutions worth $8,512,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in MTSI. UMB Bank n.a. increased its stake in MACOM Technology Solutions by 74.3% in the fourth 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 during the last quarter. Empowered Funds LLC purchased a new position in shares of MACOM Technology Solutions in the 4th quarter worth about $33,000. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions during the 4th quarter valued at about $35,000. ORG Wealth Partners LLC bought a new stake in MACOM Technology Solutions in the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC boosted its stake in MACOM Technology Solutions by 97.2% in 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. Institutional investors own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In related news, Director Susan Ocampo sold 97,527 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $124.08, for a total value of $12,101,150.16. Following the sale, the director now owns 4,689,225 shares in the company, valued at $581,839,038. This represents a 2.04 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO John Kober sold 2,250 shares of the firm's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $130.09, for a total value of $292,702.50. Following the transaction, the chief financial officer now directly owns 49,239 shares of the company's stock, valued at approximately $6,405,501.51. This trade represents a 4.37 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 746,198 shares of company stock valued at $92,503,343. 16.30% of the stock is currently owned by company insiders.

Remove Ads

Analyst Ratings Changes

A number of brokerages have recently weighed in on MTSI. Benchmark restated a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $105.00 to $140.00 in a research report on Monday, February 10th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Two 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 company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $131.50.

MACOM Technology Solutions Trading Up 0.9 %

Shares of NASDAQ MTSI traded up $0.95 during trading hours on Tuesday, hitting $101.33. The company's stock had a trading volume of 611,546 shares, compared to its average volume of 639,628. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $90.01 and a 12 month high of $152.50. The stock has a market cap of $7.53 billion, a price-to-earnings ratio of -70.37, a P/E/G ratio of 2.42 and a beta of 1.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. The business has a 50-day simple moving average of $117.46 and a 200-day simple moving average of $122.70.

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 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, analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal 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.