Invesco Ltd. Cuts Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Invesco Ltd. reduced its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 38.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,533,343 shares of the semiconductor company's stock after selling 2,171,322 shares during the period. Invesco Ltd. owned about 4.75% of MACOM Technology Solutions worth $459,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in MACOM Technology Solutions by 74.3% in the fourth quarter. UMB Bank n.a. now owns 237 shares of the semiconductor company's stock valued at $31,000 after buying an additional 101 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of MACOM Technology Solutions in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new position in MACOM Technology Solutions in the 4th quarter worth about $35,000. ORG Wealth Partners LLC purchased a new position in MACOM Technology Solutions during the fourth quarter worth approximately $36,000. Finally, Smartleaf Asset Management LLC grew its holdings in MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 138 shares during the period. 76.14% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Susan Ocampo sold 45,773 shares of the stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $125.35, for a total transaction of $5,737,645.55. Following the completion of the transaction, the director now owns 5,509,746 shares of the company's stock, valued at approximately $690,646,661.10. This trade represents a 0.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the business's stock in a transaction that occurred on Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total value of $809,436.16. Following the completion of the sale, the director now directly owns 14,031 shares in the company, valued at approximately $1,706,309.91. The trade was a 32.17 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 743,948 shares of company stock valued at $92,210,640. 16.30% of the stock is currently owned by insiders.

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MACOM Technology Solutions Trading Up 2.2 %

NASDAQ:MTSI traded up $2.11 on Monday, hitting $99.93. The stock had a trading volume of 122,391 shares, compared to its average volume of 657,019. The company has a fifty day moving average price of $109.91 and a two-hundred day moving average price of $121.96. The stock has a market cap of $7.43 billion, a price-to-earnings ratio of -69.40, a PEG ratio of 2.42 and a beta of 1.72. 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 Holdings, Inc. has a 1-year low of $84.00 and a 1-year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 EPS for the quarter, missing analysts' consensus estimates 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%. Equities research analysts expect that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on MTSI. Truist Financial began coverage on MACOM Technology Solutions in a research report on Friday. They set a "buy" rating and a $125.00 target price on the stock. Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $105.00 to $140.00 in a research report on Monday, February 10th. Northland Capmk upgraded shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research report on Monday, February 10th. BNP Paribas upgraded MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective on the stock in a report on Wednesday, April 9th. Finally, Benchmark reissued a "buy" rating and set a $160.00 target price on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $131.25.

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.