Segall Bryant & Hamill LLC Trims Stock Position in MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI)

Segall Bryant & Hamill LLC reduced its holdings in shares of MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI - Free Report) by 29.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 72,456 shares of the semiconductor company's stock after selling 30,711 shares during the period. Segall Bryant & Hamill LLC owned about 0.10% of MACOM Technology Solutions worth $9,413,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake in shares of MACOM Technology Solutions by 0.6% during the fourth quarter. Louisiana State Employees Retirement System now owns 16,100 shares of the semiconductor company's stock valued at $2,092,000 after acquiring an additional 100 shares in the last quarter. UMB Bank n.a. increased its holdings in MACOM Technology Solutions by 74.3% during the 4th 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 period. EP Wealth Advisors LLC raised its position in MACOM Technology Solutions by 4.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 2,712 shares of the semiconductor company's stock valued at $302,000 after purchasing an additional 110 shares in the last quarter. CIBC Asset Management Inc lifted its holdings in shares of 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 worth $292,000 after buying an additional 112 shares during the period. Finally, Arizona State Retirement System grew its position in shares of MACOM Technology Solutions by 0.7% during the 4th quarter. Arizona State Retirement System now owns 16,732 shares of the semiconductor company's stock worth $2,174,000 after buying an additional 122 shares in the last quarter. Hedge funds and other institutional investors own 76.14% of the company's stock.

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MACOM Technology Solutions Stock Up 1.9 %

NASDAQ:MTSI traded up $1.91 during midday trading on Monday, reaching $100.38. 1,580,234 shares of the stock traded hands, compared to its average volume of 639,308. The business has a 50-day moving average of $118.41 and a two-hundred day moving average of $122.70. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.88 and a current ratio of 3.61. MACOM Technology Solutions Holdings, Inc. has a 12-month low of $90.01 and a 12-month high of $152.50. The stock has a market capitalization of $7.46 billion, a PE ratio of -69.71, a price-to-earnings-growth ratio of 2.42 and a beta of 1.74.

MACOM Technology Solutions (NASDAQ:MTSI - Get Free Report) last issued its quarterly earnings data 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 negative net margin of 13.05% and a positive return on equity of 12.42%. On average, equities analysts forecast that MACOM Technology Solutions Holdings, Inc. will post 2.43 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on MTSI. Northland Capmk upgraded MACOM Technology Solutions from a "hold" rating to a "strong-buy" rating in a report on Monday, February 10th. Benchmark restated a "buy" rating and issued a $160.00 price target on shares of MACOM Technology Solutions in a report on Monday, February 10th. Finally, Northland Securities upgraded shares of MACOM Technology Solutions from a "market perform" rating to an "outperform" rating and increased their price objective for the company from $105.00 to $140.00 in a research note on Monday, February 10th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $131.50.

Insider Activity at MACOM Technology Solutions

In other news, SVP Donghyun Thomas Hwang sold 7,355 shares of the company's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $133.00, for a total transaction of $978,215.00. Following the completion of the sale, the senior vice president now owns 43,657 shares of the company's stock, valued at $5,806,381. This represents a 14.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO John Kober sold 2,250 shares of the firm's 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 transaction, the chief financial officer now directly owns 49,239 shares in the company, valued at approximately $6,405,501.51. This represents a 4.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 746,198 shares of company stock valued at $92,503,343 in the last three months. 16.30% of the stock is owned by insiders.

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.