Quantbot Technologies LP Decreases Stock Holdings in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Quantbot Technologies LP decreased its position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 38.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,381 shares of the semiconductor company's stock after selling 6,617 shares during the period. Quantbot Technologies LP's holdings in MACOM Technology Solutions were worth $1,349,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Semanteon Capital Management LP purchased a new stake in shares of MACOM Technology Solutions during the fourth quarter valued at approximately $1,401,000. Teacher Retirement System of Texas boosted its stake in MACOM Technology Solutions by 405.0% during the 4th quarter. Teacher Retirement System of Texas now owns 20,575 shares of the semiconductor company's stock valued at $2,673,000 after purchasing an additional 16,501 shares during the last quarter. Xponance Inc. increased its holdings in shares of MACOM Technology Solutions by 6.5% in the 4th quarter. Xponance Inc. now owns 6,533 shares of the semiconductor company's stock worth $849,000 after purchasing an additional 401 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in shares of MACOM Technology Solutions by 10.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 15,013 shares of the semiconductor company's stock worth $1,950,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Counterpoint Mutual Funds LLC bought a new position in shares of MACOM Technology Solutions during the fourth quarter valued at $733,000. 76.14% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analyst Weigh In

Several research firms recently commented on MTSI. Northland Securities upgraded 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. Northland Capmk raised shares of MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Finally, Benchmark reissued a "buy" rating and set a $160.00 price objective on shares of MACOM Technology Solutions in a report on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $131.50.

Insider Transactions at MACOM Technology Solutions

In related news, CFO John Kober sold 2,250 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $130.09, for a total transaction of $292,702.50. Following the completion of the sale, the chief financial officer now owns 49,239 shares in the company, valued at approximately $6,405,501.51. This trade represents a 4.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Susan Ocampo sold 45,773 shares of the business's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $125.35, for a total value of $5,737,645.55. Following the completion of the transaction, the director now directly owns 5,509,746 shares in the company, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 746,198 shares of company stock valued at $92,503,343 over the last three months. Corporate insiders own 16.30% of the company's stock.

MACOM Technology Solutions Stock Performance

NASDAQ MTSI traded down $3.75 on Thursday, hitting $101.90. 593,138 shares of the company traded hands, compared to its average volume of 621,713. The company has a current ratio of 3.61, a quick ratio of 2.88 and a debt-to-equity ratio of 0.33. The business's 50 day moving average price is $120.25 and its 200-day moving average price is $122.37. The company has a market capitalization of $7.58 billion, a price-to-earnings ratio of -70.76, a P/E/G ratio of 2.42 and a beta of 1.74. MACOM Technology Solutions Holdings, Inc. has a 52-week low of $90.01 and a 52-week high of $152.50.

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