Legal & General Group Plc Sells 5,264 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Legal & General Group Plc decreased its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 4.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 103,508 shares of the semiconductor company's stock after selling 5,264 shares during the period. Legal & General Group Plc owned about 0.14% of MACOM Technology Solutions worth $13,447,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in MACOM Technology Solutions in the fourth quarter worth about $35,000. Geode Capital Management LLC increased its position in MACOM Technology Solutions by 4.8% in the third quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock worth $113,044,000 after buying an additional 46,812 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in MACOM Technology Solutions by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 532,342 shares of the semiconductor company's stock valued at $69,157,000 after buying an additional 1,719 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of MACOM Technology Solutions by 22.5% during the fourth quarter. Assenagon Asset Management S.A. now owns 98,189 shares of the semiconductor company's stock valued at $12,756,000 after acquiring an additional 18,055 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake 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 valued at $36,000 after purchasing an additional 138 shares in the last quarter. 76.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on MTSI. BNP Paribas raised MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 target price for the company in a research note on Wednesday, April 9th. Bank of America cut 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 research note on Wednesday, April 16th. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Stifel Nicolaus dropped 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 research note on Thursday. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $130.83.

MACOM Technology Solutions Stock Performance

Shares of MTSI traded down $1.94 on Monday, reaching $95.36. 21,310 shares of the stock traded hands, compared to its average volume of 658,761. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of -66.28, a P/E/G ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $84.00 and a 12 month high of $152.50. The stock's 50-day moving average price is $106.97 and its 200-day moving average price is $121.56. 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 issued 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%. Equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction dated 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 $690,646,661.10. The trade was a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $133.00, for a total transaction of $978,215.00. Following the sale, the senior vice president now owns 43,657 shares in the company, valued at $5,806,381. This trade represents a 14.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is currently owned by corporate insiders.

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.