Artisan Partners Limited Partnership Sells 227,106 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Artisan Partners Limited Partnership decreased its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 7.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,713,457 shares of the semiconductor company's stock after selling 227,106 shares during the period. Artisan Partners Limited Partnership owned about 3.65% of MACOM Technology Solutions worth $352,505,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of MTSI. UMB Bank n.a. boosted its position in 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 period. Empowered Funds LLC acquired a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $33,000. SBI Securities Co. Ltd. bought a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $35,000. ORG Wealth Partners LLC acquired a new position in MACOM Technology Solutions during the 4th quarter valued at about $36,000. Finally, Smartleaf Asset Management LLC raised its holdings in shares of MACOM Technology Solutions by 97.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after buying an additional 138 shares during the last quarter. 76.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MTSI shares. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Benchmark reaffirmed a "buy" rating and issued a $160.00 target price on shares of MACOM Technology Solutions in a research report on Monday, February 10th. Finally, Northland Capmk raised MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $131.50.

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Insider Buying and Selling

In related news, CFO John Kober sold 2,250 shares of the business's stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total value of $292,702.50. Following the sale, the chief financial officer now owns 49,239 shares of the company's stock, valued at $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 is available through this hyperlink. Also, SVP Donghyun Thomas Hwang sold 7,355 shares of the stock in a transaction dated 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 of the company's stock, valued at $5,806,381. This trade represents a 14.42 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 746,198 shares of company stock valued at $92,503,343. Insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Down 1.9 %

MTSI stock traded down $1.85 during trading hours on Monday, hitting $96.62. The company's stock had a trading volume of 311,088 shares, compared to its average volume of 634,561. The company has a market capitalization of $7.18 billion, a PE ratio of -67.22, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 12 month low of $90.01 and a 12 month high of $152.50. The stock has a 50 day moving average price of $119.31 and a two-hundred day moving average price of $122.70. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last announced its earnings results 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 research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.