S Squared Technology LLC Sells 20,000 Shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

S Squared Technology LLC cut its stake in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 32.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,946 shares of the semiconductor company's stock after selling 20,000 shares during the period. MACOM Technology Solutions comprises approximately 2.2% of S Squared Technology LLC's investment portfolio, making the stock its 20th biggest position. S Squared Technology LLC owned approximately 0.06% of MACOM Technology Solutions worth $5,319,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of MTSI. UMB Bank n.a. grew its stake 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 worth $31,000 after purchasing an additional 101 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of MACOM Technology Solutions in the 4th quarter valued at about $33,000. SBI Securities Co. Ltd. acquired a new stake in shares of MACOM Technology Solutions in the fourth quarter valued at about $35,000. ORG Wealth Partners LLC bought a new position in shares of MACOM Technology Solutions during the fourth quarter worth about $36,000. Finally, Smartleaf Asset Management LLC lifted its stake in shares of MACOM Technology Solutions by 97.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 280 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 138 shares during the period. Institutional investors and hedge funds own 76.14% of the company's stock.

Insider Buying and Selling at MACOM Technology Solutions

In other news, Director Susan Ocampo sold 45,773 shares of the 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 in the company, valued at approximately $690,646,661.10. This represents a 0.82 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Geoffrey G. Ribar sold 6,656 shares of the company's stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $121.61, for a total transaction of $809,436.16. Following the sale, the director now directly owns 14,031 shares in the company, valued at approximately $1,706,309.91. This trade represents a 32.17 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 743,948 shares of company stock worth $92,210,640 in the last quarter. 16.30% of the stock is currently owned by company insiders.

MACOM Technology Solutions Stock Up 2.8 %

MTSI stock traded up $2.64 during mid-day trading on Tuesday, reaching $98.05. 101,151 shares of the company traded hands, compared to its average volume of 658,677. The stock has a market cap of $7.29 billion, a price-to-earnings ratio of -68.09, a P/E/G ratio of 2.42 and a beta of 1.72. MACOM Technology Solutions Holdings, Inc. has a fifty-two week low of $84.00 and a fifty-two week high of $152.50. The firm's 50 day moving average price is $106.44 and its 200 day moving average price is $121.46. The company has a quick ratio of 2.88, a current ratio of 3.61 and a debt-to-equity ratio of 0.33.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The semiconductor company reported $0.40 earnings per share for the quarter, missing the consensus estimate 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%. As a group, equities research analysts predict that MACOM Technology Solutions Holdings, Inc. will post 2.43 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MTSI. Stifel Nicolaus dropped their price target on shares of MACOM Technology Solutions from $150.00 to $120.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Northland Securities raised MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Bank of America lowered their target price on MACOM Technology Solutions from $160.00 to $130.00 and set a "buy" rating for the company in a report on Wednesday, April 16th. Benchmark restated a "buy" rating and set a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, BNP Paribas upgraded shares of MACOM Technology Solutions from a "neutral" rating to an "outperform" rating and set a $135.00 price objective for the company in a research note on Wednesday, April 9th. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $127.92.

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.