New York State Common Retirement Fund Has $31.62 Million Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

New York State Common Retirement Fund trimmed its stake in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 243,433 shares of the semiconductor company's stock after selling 20,397 shares during the quarter. New York State Common Retirement Fund owned approximately 0.33% of MACOM Technology Solutions worth $31,624,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at approximately $160,000. CIBC Asset Management Inc raised its stake in MACOM Technology Solutions by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 2,250 shares of the semiconductor company's stock valued at $292,000 after acquiring an additional 112 shares during the period. Sheaff Brock Investment Advisors LLC acquired a new stake in MACOM Technology Solutions during the 4th quarter valued at $402,000. Blue Trust Inc. boosted its position in MACOM Technology Solutions by 122.2% during the fourth quarter. Blue Trust Inc. now owns 480 shares of the semiconductor company's stock worth $62,000 after purchasing an additional 264 shares during the period. Finally, HMS Capital Management LLC acquired a new position in shares of MACOM Technology Solutions in the fourth quarter valued at $425,000. Institutional investors own 76.14% of the company's stock.

Insider Buying and Selling

In other MACOM Technology Solutions news, Director Susan Ocampo sold 12,438 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $136.73, for a total transaction of $1,700,647.74. Following the completion of the sale, the director now owns 6,500,755 shares of the company's stock, valued at approximately $888,848,231.15. This represents a 0.19 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed 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 stock was sold at an average price of $121.61, for a total transaction of $809,436.16. Following the completion of the transaction, the director now owns 14,031 shares in the company, valued at $1,706,309.91. This trade represents a 32.17 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 662,473 shares of company stock valued at $82,292,578 in the last three months. Insiders own 16.30% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on MTSI shares. Piper Sandler lifted their target price on shares of MACOM Technology Solutions from $100.00 to $115.00 and gave the stock a "neutral" rating in a report on Friday, October 25th. Northland Securities upgraded MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $105.00 to $140.00 in a report on Monday, February 10th. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a research note on Monday, February 10th. Benchmark reissued a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Barclays upped their price objective on MACOM Technology Solutions from $120.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, MACOM Technology Solutions presently has a consensus rating of "Moderate Buy" and a consensus price target of $131.50.

MACOM Technology Solutions Trading Down 2.7 %

Shares of MTSI stock traded down $3.36 during mid-day trading on Friday, reaching $120.65. 621,081 shares of the stock traded hands, compared to its average volume of 748,665. The company has a market cap of $8.97 billion, a price-to-earnings ratio of -83.78, a price-to-earnings-growth ratio of 2.42 and a beta of 1.71. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33. The stock's fifty day simple moving average is $132.86 and its two-hundred day simple moving average is $121.44. MACOM Technology Solutions Holdings, Inc. has a 1-year low of $84.21 and a 1-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%. On average, research analysts anticipate that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

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.