Loomis Sayles & Co. L P Lowers Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Loomis Sayles & Co. L P decreased its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 15.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 543,823 shares of the semiconductor company's stock after selling 102,723 shares during the period. Loomis Sayles & Co. L P owned about 0.73% of MACOM Technology Solutions worth $70,648,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MTSI. Louisiana State Employees Retirement System increased its stake in 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 acquiring an additional 100 shares during the last quarter. UMB Bank n.a. increased its position in shares of MACOM Technology Solutions by 74.3% during the 4th quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 101 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of MACOM Technology Solutions by 4.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company's stock valued at $302,000 after buying an additional 110 shares in the last quarter. CIBC Asset Management Inc lifted its position in MACOM Technology Solutions by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock worth $292,000 after buying an additional 112 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in MACOM Technology Solutions by 0.7% in the fourth quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company's stock worth $2,174,000 after buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

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MACOM Technology Solutions Trading Down 1.5 %

Shares of MTSI stock traded down $1.51 during trading hours on Monday, reaching $96.97. The company's stock had a trading volume of 413,673 shares, compared to its average volume of 634,976. 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 Holdings, Inc. has a one year low of $90.01 and a one year high of $152.50. The stock has a market capitalization of $7.21 billion, a P/E ratio of -67.34, a P/E/G ratio of 2.42 and a beta of 1.74. The firm's fifty day simple moving average is $119.31 and its 200 day simple moving average is $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 (EPS) for the quarter, missing analysts' consensus estimates of $0.78 by ($0.38). MACOM Technology Solutions had a negative net margin of 13.05% and a positive return on equity of 12.42%. Equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Wall Street Analyst Weigh In

MTSI has been the subject of a number of recent research reports. 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 restated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $131.50.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 97,527 shares of the business's stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $124.08, for a total transaction of $12,101,150.16. Following the sale, the director now owns 4,689,225 shares in the company, valued at approximately $581,839,038. The trade was a 2.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Geoffrey G. Ribar sold 6,656 shares of the stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares of the company's stock, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 746,198 shares of company stock valued at $92,503,343 over the last three months. Corporate insiders own 16.30% of the company's stock.

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.