Polymer Capital Management HK LTD Sells 5,102 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Polymer Capital Management HK LTD lowered its position in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 34.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,898 shares of the semiconductor company's stock after selling 5,102 shares during the quarter. Polymer Capital Management HK LTD's holdings in MACOM Technology Solutions were worth $1,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the business. Norges Bank purchased a new stake in MACOM Technology Solutions during the fourth quarter worth about $82,833,000. Vanguard Group Inc. grew its position in shares of MACOM Technology Solutions by 6.0% during the 4th quarter. Vanguard Group Inc. now owns 6,517,251 shares of the semiconductor company's stock valued at $846,656,000 after acquiring an additional 368,979 shares during the period. Massachusetts Financial Services Co. MA purchased a new stake in shares of MACOM Technology Solutions during the 4th quarter worth approximately $31,260,000. Wellington Management Group LLP bought a new stake in shares of MACOM Technology Solutions in the 4th quarter worth approximately $14,645,000. Finally, ExodusPoint Capital Management LP raised its holdings in shares of MACOM Technology Solutions by 198.8% in the 4th quarter. ExodusPoint Capital Management LP now owns 113,134 shares of the semiconductor company's stock worth $14,697,000 after purchasing an additional 75,273 shares during the period. 76.14% of the stock is owned by institutional investors.

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Analysts Set New Price Targets

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

Insider Activity

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of MACOM Technology Solutions stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the sale, the senior vice president now directly owns 43,657 shares of the company's stock, valued at approximately $5,806,381. The trade was a 14.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Susan Ocampo sold 45,773 shares of the company's stock in a transaction on Monday, February 10th. The stock was 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 $690,646,661.10. This trade represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 743,948 shares of company stock worth $92,210,640. 16.30% of the stock is currently owned by insiders.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded down $1.29 during trading hours on Friday, hitting $97.98. The stock had a trading volume of 581,241 shares, compared to its average volume of 654,308. The company has a 50 day simple moving average of $110.60 and a two-hundred day simple moving average of $121.95. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of -67.51, a P/E/G ratio of 2.42 and a beta of 1.72. The company has a debt-to-equity ratio of 0.33, a current ratio of 3.61 and a quick ratio of 2.88. MACOM Technology Solutions Holdings, Inc. has a one year low of $84.00 and a one year high of $152.50.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last posted its earnings results on Thursday, February 6th. The semiconductor company reported $0.40 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%. Research analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal 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.