Bank of New York Mellon Corp Has $53.57 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Bank of New York Mellon Corp trimmed its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 412,379 shares of the semiconductor company's stock after selling 15,918 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.55% of MACOM Technology Solutions worth $53,572,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MTSI. Westfield Capital Management Co. LP lifted its position in shares of MACOM Technology Solutions by 21.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock valued at $134,686,000 after acquiring an additional 210,151 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 valued at $113,044,000 after acquiring an additional 46,812 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of MACOM Technology Solutions by 18.4% in the third quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock valued at $82,945,000 after acquiring an additional 116,090 shares in the last quarter. Jennison Associates LLC lifted its position in shares of MACOM Technology Solutions by 0.5% in the fourth quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock valued at $69,172,000 after acquiring an additional 2,646 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of MACOM Technology Solutions by 52.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 530,623 shares of the semiconductor company's stock valued at $59,037,000 after acquiring an additional 182,058 shares in the last quarter. 76.14% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Transactions at MACOM Technology Solutions

In related news, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction that occurred on 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 in the company, valued at $1,706,309.91. The trade was a 32.17 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Ambra R. Roth sold 1,366 shares of the business's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $139.07, for a total value of $189,969.62. Following the transaction, the senior vice president now owns 6,564 shares of the company's stock, valued at $912,855.48. This represents a 17.23 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 747,564 shares of company stock worth $92,693,312. 16.30% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MTSI. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. Benchmark reissued a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a research note on Monday, February 10th. Finally, Northland Securities raised 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 research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and an average target price of $131.50.

MACOM Technology Solutions Trading Down 1.2 %

Shares of MACOM Technology Solutions stock traded down $1.25 during trading hours on Friday, reaching $102.75. The stock had a trading volume of 1,209,134 shares, compared to its average volume of 605,795. The firm has a 50 day simple moving average of $128.07 and a two-hundred day simple moving average of $122.24. The firm has a market capitalization of $7.64 billion, a price-to-earnings ratio of -71.35, a P/E/G ratio of 2.42 and a beta of 1.74. 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 1 year low of $88.18 and a 1 year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its quarterly earnings data 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%. As a group, equities research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current year.

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.