Emerald Advisers LLC Sells 6,185 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Emerald Advisers LLC decreased its holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 3.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 180,293 shares of the semiconductor company's stock after selling 6,185 shares during the period. Emerald Advisers LLC owned approximately 0.24% of MACOM Technology Solutions worth $23,422,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of MTSI. Vanguard Group Inc. boosted its stake in MACOM Technology Solutions by 6.0% in the fourth quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after buying an additional 368,979 shares in the last quarter. Westfield Capital Management Co. LP boosted its stake in shares of MACOM Technology Solutions by 21.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,210,547 shares of the semiconductor company's stock valued at $134,686,000 after purchasing an additional 210,151 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of MACOM Technology Solutions by 4.8% during the 3rd quarter. Geode Capital Management LLC now owns 1,015,781 shares of the semiconductor company's stock valued at $113,044,000 after purchasing an additional 46,812 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in MACOM Technology Solutions by 18.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 745,503 shares of the semiconductor company's stock worth $82,945,000 after purchasing an additional 116,090 shares in the last quarter. Finally, Jennison Associates LLC lifted its stake in MACOM Technology Solutions by 0.5% in the 4th quarter. Jennison Associates LLC now owns 532,463 shares of the semiconductor company's stock valued at $69,172,000 after purchasing an additional 2,646 shares during the last quarter. Institutional investors and hedge funds own 76.14% of the company's stock.

Remove Ads

MACOM Technology Solutions Trading Down 3.5 %

Shares of NASDAQ MTSI traded down $3.75 during midday trading on Thursday, reaching $101.90. The stock had a trading volume of 593,138 shares, compared to its average volume of 621,712. The company's 50 day moving average price is $120.25 and its 200 day moving average price is $122.37. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $90.01 and a twelve month high of $152.50. The firm has a market cap of $7.58 billion, a price-to-earnings ratio of -70.76, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its earnings results 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 negative net margin of 13.05% and a positive return on equity of 12.42%. As a group, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on MTSI. Benchmark reaffirmed a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a research note 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. Finally, Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their target price for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Two research 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $131.50.

Insider Buying and Selling

In other news, Director Susan Ocampo sold 97,527 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director now owns 4,689,225 shares of the company's stock, valued at $581,839,038. This trade represents a 2.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following 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 disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock valued at $92,503,343 over the last 90 days. Company insiders own 16.30% of the company's stock.

MACOM Technology Solutions Company 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.