MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) Stake Cut by GW&K Investment Management LLC

GW&K Investment Management LLC lessened its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 0.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,160,268 shares of the semiconductor company's stock after selling 8,844 shares during the period. MACOM Technology Solutions comprises approximately 1.3% of GW&K Investment Management LLC's investment portfolio, making the stock its 2nd largest holding. GW&K Investment Management LLC owned 1.56% of MACOM Technology Solutions worth $150,731,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Proficio Capital Partners LLC bought a new position in shares of MACOM Technology Solutions in the fourth quarter valued at about $2,194,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of MACOM Technology Solutions by 2.9% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 11,241 shares of the semiconductor company's stock worth $1,460,000 after acquiring an additional 320 shares during the period. Los Angeles Capital Management LLC acquired a new stake in shares of MACOM Technology Solutions during the fourth quarter worth $483,000. Arcadia Investment Management Corp MI acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at about $149,000. Finally, Venturi Wealth Management LLC acquired a new stake in MACOM Technology Solutions in the 4th quarter worth about $160,000. Institutional investors and hedge funds own 76.14% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MTSI. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Barclays lifted their target price on MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $131.50.

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MACOM Technology Solutions Stock Up 0.7 %

Shares of MTSI traded up $0.78 during trading hours on Tuesday, hitting $109.76. The stock had a trading volume of 553,176 shares, compared to its average volume of 600,352. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $88.18 and a 1-year high of $152.50. The firm has a market capitalization of $8.16 billion, a P/E ratio of -76.08, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The firm has a 50 day simple moving average of $130.32 and a 200-day simple moving average of $122.32. 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 earnings results 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%. Sell-side analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Insider Buying and Selling at MACOM Technology Solutions

In related news, CFO John Kober sold 2,250 shares of the business's stock in a transaction dated 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. The trade was a 4.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 45,773 shares of MACOM Technology Solutions stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 5,509,746 shares in the company, valued at $690,646,661.10. This trade represents a 0.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 747,564 shares of company stock worth $92,693,312. Corporate insiders own 16.30% of the company's stock.

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.