Emerald Advisers LLC Has $20.75 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Emerald Advisers LLC cut its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 31.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 186,478 shares of the semiconductor company's stock after selling 83,942 shares during the quarter. Emerald Advisers LLC owned 0.26% of MACOM Technology Solutions worth $20,748,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of MACOM Technology Solutions in the 2nd quarter valued at approximately $39,000. GAMMA Investing LLC grew its holdings in shares of MACOM Technology Solutions by 153.0% during the 2nd quarter. GAMMA Investing LLC now owns 468 shares of the semiconductor company's stock valued at $52,000 after purchasing an additional 283 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of MACOM Technology Solutions during the 3rd quarter valued at approximately $66,000. Fidelis Capital Partners LLC bought a new stake in shares of MACOM Technology Solutions during the 1st quarter valued at approximately $77,000. Finally, FSC Wealth Advisors LLC bought a new stake in shares of MACOM Technology Solutions during the 2nd quarter valued at approximately $78,000. 76.14% of the stock is currently owned by institutional investors and hedge funds.

MACOM Technology Solutions Trading Up 0.2 %

Shares of NASDAQ MTSI traded up $0.25 during midday trading on Friday, reaching $112.65. The stock had a trading volume of 477,808 shares, compared to its average volume of 378,844. The firm has a market cap of $8.13 billion, a price-to-earnings ratio of 114.95, a price-to-earnings-growth ratio of 4.28 and a beta of 1.69. MACOM Technology Solutions Holdings, Inc. has a twelve month low of $71.01 and a twelve month high of $122.60. The company has a debt-to-equity ratio of 0.45, a quick ratio of 6.33 and a current ratio of 8.18. The company's 50 day moving average price is $108.66 and its 200 day moving average price is $105.58.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.66. The firm had revenue of $190.50 million for the quarter, compared to the consensus estimate of $190.42 million. MACOM Technology Solutions had a net margin of 10.59% and a return on equity of 12.59%. The company's revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.42 EPS. As a group, sell-side analysts expect that MACOM Technology Solutions Holdings, Inc. will post 1.89 EPS for the current year.

Insider Transactions at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 95,743 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $103.18, for a total value of $9,878,762.74. Following the transaction, the director now owns 6,876,284 shares in the company, valued at approximately $709,494,983.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Stephen G. Daly sold 21,012 shares of the business's stock in a transaction on Friday, August 30th. The shares were sold at an average price of $109.40, for a total transaction of $2,298,712.80. Following the transaction, the chief executive officer now owns 64,472 shares in the company, valued at $7,053,236.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Susan Ocampo sold 95,743 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $103.18, for a total transaction of $9,878,762.74. Following the transaction, the director now owns 6,876,284 shares in the company, valued at $709,494,983.12. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 669,396 shares of company stock worth $71,106,808. Company insiders own 22.75% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on MTSI shares. Piper Sandler lifted their price target on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the company a "neutral" rating in a report on Friday, October 25th. Barclays lifted their price target on shares of MACOM Technology Solutions from $115.00 to $120.00 and gave the company an "overweight" rating in a report on Friday, August 2nd. Needham & Company LLC lifted their price target on shares of MACOM Technology Solutions from $110.00 to $120.00 and gave the company a "buy" rating in a report on Friday, August 2nd. Stifel Nicolaus lifted their price target on shares of MACOM Technology Solutions from $115.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Finally, JPMorgan Chase & Co. lifted their price target on shares of MACOM Technology Solutions from $105.00 to $110.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, MACOM Technology Solutions has a consensus rating of "Moderate Buy" and a consensus price target of $120.00.

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.