Hood River Capital Management LLC Cuts Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Hood River Capital Management LLC decreased its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 63.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 294,449 shares of the semiconductor company's stock after selling 504,894 shares during the period. Hood River Capital Management LLC owned 0.40% of MACOM Technology Solutions worth $38,252,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System lifted its stake in shares of MACOM Technology Solutions by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after purchasing an additional 100 shares during the period. Russell Investments Group Ltd. boosted its stake in MACOM Technology Solutions by 1.4% in the 4th quarter. Russell Investments Group Ltd. now owns 7,160 shares of the semiconductor company's stock worth $930,000 after buying an additional 100 shares during the last quarter. UMB Bank n.a. increased its position in MACOM Technology Solutions by 74.3% during the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 101 shares during the last quarter. Quadrant Capital Group LLC grew its position in MACOM Technology Solutions by 8.2% during the fourth quarter. Quadrant Capital Group LLC now owns 1,339 shares of the semiconductor company's stock valued at $174,000 after acquiring an additional 101 shares during the period. Finally, CIBC Asset Management Inc lifted its position in MACOM Technology Solutions by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock valued at $292,000 after buying an additional 112 shares in the last quarter. 76.14% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on MTSI. Benchmark reaffirmed a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Truist Financial started coverage on MACOM Technology Solutions in a research report on Friday, April 11th. They issued a "buy" rating and a $125.00 target price on the stock. Northland Securities raised 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 report on Monday, February 10th. Bank of America reduced their price objective on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a research note on Wednesday, April 16th. Finally, Stifel Nicolaus cut their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. 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 an average rating of "Moderate Buy" and an average target price of $127.92.

Insider Activity

In related news, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $133.00, for a total value of $978,215.00. Following the transaction, the senior vice president now owns 43,657 shares of the company's stock, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of MACOM Technology Solutions 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 sale, the director now owns 14,031 shares in the company, 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 have sold a total of 743,948 shares of company stock worth $92,210,640 over the last 90 days. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Trading Up 0.5 %

Shares of NASDAQ MTSI opened at $95.87 on Wednesday. The firm has a 50-day moving average of $105.91 and a 200 day moving average of $121.28. The stock has a market cap of $7.13 billion, a P/E ratio of -66.58, a price-to-earnings-growth 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 debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results 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 positive return on equity of 12.42% and a negative net margin of 13.05%. As a group, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal 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.

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