Mirae Asset Global Investments Co. Ltd. Cuts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Mirae Asset Global Investments Co. Ltd. trimmed its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.6% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 95,165 shares of the semiconductor company's stock after selling 3,521 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.13% of MACOM Technology Solutions worth $12,708,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. UMB Bank n.a. lifted 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 acquiring an additional 101 shares during the period. EP Wealth Advisors LLC boosted its stake in MACOM Technology Solutions by 4.2% in the third 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. Verdence Capital Advisors LLC boosted its stake in MACOM Technology Solutions by 6.1% in the third quarter. Verdence Capital Advisors LLC now owns 2,371 shares of the semiconductor company's stock valued at $264,000 after buying an additional 137 shares in the last quarter. Avior Wealth Management LLC boosted its stake in MACOM Technology Solutions by 3.4% in the third quarter. Avior Wealth Management LLC now owns 4,802 shares of the semiconductor company's stock valued at $534,000 after buying an additional 157 shares in the last quarter. Finally, Chartwell Investment Partners LLC boosted its stake in MACOM Technology Solutions by 0.8% in the third quarter. Chartwell Investment Partners LLC now owns 25,014 shares of the semiconductor company's stock valued at $2,783,000 after buying an additional 199 shares in the last quarter. 76.14% of the stock is currently owned by institutional investors.

MACOM Technology Solutions Trading Down 3.3 %

MACOM Technology Solutions stock traded down $4.19 during trading hours on Monday, hitting $123.02. The stock had a trading volume of 766,747 shares, compared to its average volume of 727,389. MACOM Technology Solutions Holdings, Inc. has a one year low of $81.14 and a one year high of $152.50. The company has a quick ratio of 6.55, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock has a market cap of $9.15 billion, a price-to-earnings ratio of -85.30, a P/E/G ratio of 2.27 and a beta of 1.71. The business's 50 day simple moving average is $135.97 and its 200-day simple moving average is $120.04.

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 positive return on equity of 12.42% and a negative net margin of 13.05%. On average, equities analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.71 EPS for the current fiscal year.

Insider Transactions at MACOM Technology Solutions

In other MACOM Technology Solutions news, CFO John Kober sold 19,470 shares of MACOM Technology Solutions stock in a transaction that occurred on Wednesday, November 20th. The stock was sold at an average price of $126.88, for a total value of $2,470,353.60. Following the completion of the sale, the chief financial officer now directly owns 51,489 shares in the company, valued at approximately $6,532,924.32. The trade was a 27.44 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 105,782 shares of MACOM Technology Solutions stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $123.67, for a total value of $13,082,059.94. Following the completion of the sale, the director now owns 5,914,008 shares of the company's stock, valued at approximately $731,385,369.36. The trade was a 1.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 218,532 shares of company stock worth $27,902,795 over the last ninety days. 16.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Piper Sandler raised their price objective on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a research note on Friday, October 25th. 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. Barclays raised their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, November 8th. Finally, Benchmark reaffirmed a "buy" rating and issued a $160.00 price objective on shares of MACOM Technology Solutions in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, MACOM Technology Solutions presently has an average rating of "Moderate Buy" and an average price target of $131.50.

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.