Guggenheim Capital LLC Has $1.03 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Guggenheim Capital LLC decreased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 90.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,910 shares of the semiconductor company's stock after selling 79,393 shares during the quarter. Guggenheim Capital LLC's holdings in MACOM Technology Solutions were worth $1,028,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MTSI. UMB Bank n.a. boosted its holdings in shares of MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after buying an additional 101 shares during the period. Empowered Funds LLC purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $33,000. SBI Securities Co. Ltd. purchased a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at approximately $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions in the 4th quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC grew its position in MACOM Technology Solutions by 97.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 138 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

Wall Street Analyst Weigh In

MTSI has been the subject of several recent analyst reports. Barclays decreased their target price on MACOM Technology Solutions from $160.00 to $125.00 and set an "overweight" rating for the company in a research report on Tuesday. Truist Financial assumed coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They set a "buy" rating and a $125.00 price objective for the company. Bank of America dropped their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating on the stock in a report on Wednesday, April 16th. Stifel Nicolaus decreased 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 report on Thursday, April 17th. Finally, Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and an average price target of $127.92.

MACOM Technology Solutions Stock Up 0.5 %

MTSI stock opened at $95.87 on Wednesday. The firm has a market cap of $7.13 billion, a PE ratio of -66.58, a PEG ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 1 year low of $84.00 and a 1 year high of $152.50. The company has a fifty day simple moving average of $105.91 and a 200 day simple moving average of $121.28. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33.

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

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 300,000 shares of MACOM Technology Solutions stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $124.13, for a total value of $37,239,000.00. Following the transaction, the director now directly owns 4,823,636 shares in the company, valued at approximately $598,757,936.68. The trade was a 5.86 % decrease in their ownership of the stock. The transaction 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 business's stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total value of $809,436.16. Following the transaction, the director now directly owns 14,031 shares of the company's stock, valued at $1,706,309.91. This represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 743,948 shares of company stock worth $92,210,640. 16.30% of the stock is owned by insiders.

About MACOM Technology Solutions

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.

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