KBC Group NV Reduces Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

KBC Group NV reduced its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 79.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,233 shares of the semiconductor company's stock after selling 99,868 shares during the quarter. KBC Group NV's holdings in MACOM Technology Solutions were worth $3,408,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently made changes to their positions in MTSI. Blue Trust Inc. boosted its holdings in MACOM Technology Solutions by 122.2% in the 4th quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock worth $62,000 after buying an additional 264 shares during the period. SG Americas Securities LLC lifted its position in shares of MACOM Technology Solutions by 31.3% during the fourth quarter. SG Americas Securities LLC now owns 23,178 shares of the semiconductor company's stock worth $3,011,000 after acquiring an additional 5,521 shares in the last quarter. Perpetual Ltd bought a new position in shares of MACOM Technology Solutions in the fourth quarter worth $361,000. UMB Bank n.a. grew its position in shares of 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 purchasing an additional 101 shares in the last quarter. Finally, Covea Finance raised its stake in shares of MACOM Technology Solutions by 8.0% during the 4th quarter. Covea Finance now owns 27,000 shares of the semiconductor company's stock valued at $3,508,000 after purchasing an additional 2,000 shares during the period. 76.14% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MTSI has been the subject of a number of recent analyst reports. Piper Sandler lifted their target price on MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Northland Securities boosted their price objective on shares of MACOM Technology Solutions from $85.00 to $105.00 and gave the company a "market perform" rating in a research note on Monday, November 11th. Barclays increased their target price on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, November 8th. Finally, Benchmark boosted their price target on shares of MACOM Technology Solutions from $120.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, November 8th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $128.00.

Insider Transactions at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 1,500 shares of the company's stock in a transaction on Wednesday, November 6th. The shares were sold at an average price of $118.38, for a total value of $177,570.00. Following the completion of the sale, the senior vice president now owns 37,102 shares of the company's stock, valued at approximately $4,392,134.76. This represents a 3.89 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Susan Ocampo sold 105,782 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $123.67, for a total transaction of $13,082,059.94. Following the transaction, the director now directly owns 5,914,008 shares in the company, valued at approximately $731,385,369.36. This represents a 1.76 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 220,032 shares of company stock worth $28,080,365. 16.30% of the stock is currently owned by corporate insiders.

MACOM Technology Solutions Price Performance

NASDAQ:MTSI traded up $0.26 during midday trading on Tuesday, hitting $132.60. The company had a trading volume of 553,778 shares, compared to its average volume of 652,012. The company has a market capitalization of $9.86 billion, a PE ratio of 128.74, a P/E/G ratio of 2.32 and a beta of 1.71. The company has a quick ratio of 6.55, a current ratio of 8.35 and a debt-to-equity ratio of 0.43. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $79.25 and a 52-week high of $152.50. The stock's fifty day moving average price is $136.05 and its 200-day moving average price is $119.49.

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.